Multiple Choice
Which of the following is true about security agreements and financing statements?
A) These are two terms for essentially the same document.
B) Both must be filed in order to perfect a security agreement.
C) Both must exist in order for a security interest to attach.
D) The financing statement gives constructive notice to the world of the existence of the related security agreement.
E) The security agreement is unenforceable until a financing statement has been filed.
Correct Answer:

Verified
Correct Answer:
Verified
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