Multiple Choice
Which of the following is true about perfection of purchase money security interests?
A) They perfect automatically, for any type of goods, upon attachment.
B) For something other than inventory, a perfected purchase money security interest prevails over a perfected nonpurchase money security interest in after-acquired property if it is perfected when the debtor receives possession or with twenty days after the debtor receives possession of the collateral.
C) There is no special treatment for purchase money security interests in inventory.
D) For consumer goods, any purchase money security interest in them perfects without attachment.
E) The perfected purchase money security interest prevails if the purchase money secured party gives written notice of the perfection to the perfected nonpurchase money secured party before the debtor receives possession of the collateral.
Correct Answer:

Verified
Correct Answer:
Verified
Q91: A perfected security interest will take priority
Q92: In order for a surety to be
Q93: A type of security interest that does
Q94: In terms of the right of redemption,most
Q95: Alice purchases a home for $150,000.She borrows
Q97: In a mortgage,the creditor is the mortgagor.
Q98: Only one creditor can have a perfected
Q99: A filed financing statement remains in force
Q100: _ means that the creditor has an
Q101: What is a mortgage?<br>A) a loan to