1.Which of the following is correct?

A.A party with a perfected security interest takes priority over a party with an unperfected interest.

B.A buyer in ordinary course of business takes goods free of an unperfected security interest, but does not take them free of a perfected security interest.

C.When a debtor defaults, a secured party may seize the collateral and hold it, using reasonable care, but may not sell or lease it.

D.A party may take a security interest in tangible things, such as goods, but not in intangible things, such as bank accounts.

E.Without an agreement of the parties there can be no security interest.

F.A and D.

G.A and E.

H.B and C.

I.None of the above.

2.Which of the following do not need to be included in a UCC-1 financing statement?

A.Debtor's name.

B.Secured creditor's name.

C.Description of collateral.

D.Amount of debt secured by the collateral.

E.Debtor's address.

F.All of the above.

G.D and E.