Exam 43: Security Interests in Personal Property

In a field warehousing arrangement,perfection of a security interest in inventory is accomplished by:

The attachment of the security interest to the collateral automatically gives the secured party a security interest in the proceeds of the disposal of the collateral by the debtor.

The most common way of perfecting a security interest is by:

A retailer of consumer goods who relies on attachment of a security interest to perfect its security interest does not prevail over other creditors of the debtor-buyer.

If the creditor has possession of the collateral,the security agreement:

A conditional sales contract is an example of a(n):

To be sufficient,a financial statement:

A purchase money security interest may be automatically perfected if it covers:

A perfected security interest in fixtures has priority over the conflicting interest of an owner of the real property if the security interest is a purchase money security interest.

A financing statement is valid for a period of: