Reference no: EM132154019
1. The Code provides:
a. parties to a security agreement have a great deal of freedom in drafting their agreement.
b. security agreements may not contain a provision for acceleration, at the secured party’s option, of all payments upon default in any payment by the debtor.
c. that if the secured party becomes insecure about the prospects of future payments, the only recourse is to require the debtor to name a surety for the remaining debt.
d. a security agreement may describe the collateral as “all my personal property.”
2. Dr. Bradshaw purchased a refrigerator for use in storing medications at his office. The refrigerator will be classified as:
a. consumer goods.
b. equipment
c. a fixture.
d. inventory.
3. Delicio cupcake restaurant stocks 360 cupcakes at the beginning of each day. On the average, the delicio sells dozens a hour (1/2 dozen at a time), but the actual demand follows a Poisson distribution. If the delicio open at 7 A.M and closed at 5 P.M, find:
a. The probability that all cupcakes are sold out at 3 P.M.
b. The probability that 120 cupcakes are sold out at 10 A.M
c. The probability that there are cupcakes in the stock at the end of the day.
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The code provides
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