1. Article 9 of the UCC, like Article II, covers the sale of goods, services, and also allows us to lien real estate,

   True

   False

2. Jeff Giraffe prepares a written, UCC Article 9 security interest for $5,000 in Elly Elephant's diamond tiara. It reads, "Elly Elephant hereby pledges to pay me all interest and principal on the $5,000 loan I lent her. If she fails to pay, I can seize her property," If Elly signs this document, a lien will attach to her diamond tiara.

   True

   False

3. Cupid Parrot owns a Parrot farm in Plano, Texas. He wants to borrow a million dollars, so he goes to the bank and offers the property as collateral. The banker prepares the paper work for a UCC Article 9 security interest to file against the real property. The banker has made a terrible mistake with the paperwork.

   True

   False

4. Buzz Bigbucks Bank lends Chuck Cheapo $5,000. Cheapo pledges his jeep as collateral for the loan under a perfected security interest. If Cheapo stops paying on the loan, Buzz can take possession of the jeep.

   True

   False

5. Flipper is suing Kitty Catface in state court for a debt she failed to pay him. Kitty files for bankruptcy protection, at which time Flipper's state court collection case will be stayed.

   True

   False