Sara needs $1,513 to buy textbooks and other school supplies.Tomas agrees to loan Sara $1,513,accepting as collateral Tomas's car.They put their agreement in writing and sign it.Sara keeps possession of the car.Does Tomas have an enforceable security interest How can Tomas let other creditors know of his interest in the car
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q32: Khalil holds a security interest in inventory
Q33: Rich Financial,Inc. ,files a financing statement regarding
Q40: Hal's Hardware store defaults on a debt
Q48: Quotient Financial Corporation is a secured party
Q59: Excel Vehicles, Inc., makes and sells automobiles
Q64: Efrem owns Fans & Players, a retail
Q65: Idle Investments,Inc.,and Harbor Bank are secured parties
Q66: Elias repays his debt,incurred to buy consumer
Q67: Computer World (CW), after repossessing a multimedia
Q68: Expert Capital Company and Frugal Financial Bank
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents