question 1-2

10 pts Question 1 The law governing secured transactions, from the creditor's point of view, is concerned with whether the creditor has an enforceable security interest in the debtor's property and whether the creditor's security interest has priority over other creditor's claims True False Question 2 10 pts In order for a financing statement to be valid. it must contain a description of the collateral and the debtor's name. True False Ouestion 3 10 nts