1. a secured creditor must what their security interest in the collateral in order to be fully protected under UCC Article 9
2. For small and mid-sized business ventures, a creditor will typically require a what from the principals of the business in order to help secure a business loan
3. Hawkings applies for a loan to fund a business project, but his credit score is very low and he has no collateral. he convinces his wealthy friend Ethan to cosign the loan. the bank requires Ethan to be primarily liable on the loan. Ethan is a what?
4. what is property, assets, orland used to secure the debt of a borrower
5. Hawkings applies for a loan to fund a business project, but his credit score is very low and he has no collateral. he convinces his wealthy friend Ethan to cosign the loan. Ethan agrees, as long as he is not premarily liable on the loan. Ethan is a what?
6. Hawkings applies for a loan to fund a business project, but his credit score is very low and he has no collateral. He convinces his wealthy friend Ethan to cosign the loan. Hawkings defaults and the bank pursues Ethan, even though they have not exhausted their remedies against Hawkings. Ethan is a what?
7. A(n) what business is when a business venture no longer has adequate assets or revenues to maintain its operations and can no longer pay its bills as they become due
8. Stafford starts a Web-based advertising business, but eventually he can no longer pay the company's bills as they come due. He files a certificate with the state corporation bureau that indicates that he is no longer in business. Stafford chose which alternative available to insolvent businesses?
9. What is the most extreme form of bankruptcy because it requires the debtor to liquidate all of their property in order to pay creditors
10. Name two options that gives the debtor an automatic stay from attempts by creditors to collect a debt?
11. The bankruptcy court has the authority to force a reorganization plan upon creditors over their objection. This is known as the court's what provision