True/False
Perfection of a security interest in a motor vehicle generally occurs when the secured party files the interest with the state's Department of Motor Vehicles.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q13: A bank taking possession of collateral does
Q14: [Overextended Debtor] Michael bought a flat screen
Q15: [Hang Glider] Monte borrows money from A&Z
Q16: [Repo] Meredith sells used cars and trucks.
Q17: [Favi's Furniture] Favi took out a loan
Q19: Generally, unsecured parties have priority over secured
Q20: [Dirty Laundry] Morgan planned to start her
Q21: [Overextended Debtor] Michael bought a flat screen
Q22: What is the likely effect on perfection
Q23: Veronica and Helen are discussing the definition