Under the UCC, the parties rights and obligations with respect to the loss of goods depend on the concept of

Group of answer choices

Insurable loss interest

Risk of loss

Remedial Lost Act of 1997

Doctrine of Loss Goods

Flag question: Question 12

Question 122.5 pts

A secured transaction general rule is

Group of answer choices

Unsecured creditors have a priority over general creditors

General creditors have a priority over secured creditors

A PMSI will never have a priority over a prior perfected security interest

a perfected security interest has a priority over an unperfected security interest

Flag question: Question 13

Question 132.5 pts

To perfect a security interest, the secured party can

Group of answer choices

take possession of the collateral

file a negotiable instrument of title

give value only

sign a warranty of security

Flag question: Question 14

Question 142.5 pts

Which of the following is a buyers remedy?

Group of answer choices

Cover

Cure

Collect the purchase price

Obtain damages for non acceptance

Flag question: Question 15

Question 152.5 pts

A method to show what the parties intended through their actions in performing the contract is known as

Group of answer choices

good faith doctrine

course of performance

satisfaction of terms

implied warranty of perception