Question
1. To perfect a security interest, the secured party can take possession of the collateral file a negotiable instrument of title give value only sign
1. To perfect a security interest, the secured party can
take possession of the collateral
file a negotiable instrument of title
give value only
sign a warranty of security
2. Andy issues a check in the amount of $500 payable to Cathay Company to pay a debt owed. Cathay negotiates the check to Harry as a gift to Harry, who takes the check without notice of a claim or defense and in good faith. Harry is
a) A Holder in due course
b) not a holder in due course
c) A holder in due course if he is not a minor
d) not a holder in due course because he must pay Cathay
3. Land or anything growing on it is legally
a) Abandoned
b) real property
c) personal property
d) a leasehold estate
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