Marsh has a prize horse named arabian knight. marsh is in need of working capital. she borrows $50,000.00 from mendez, who takes possession of arabian knight as security for the loan. no written agreement is signed. discuss whether, in the absence of a written agreement, mendez has a security interest in arabian knight. if mendez does have a security interest, is it a perfected security interest? explain in detail using examples

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life