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    Business Law and the Regulation of Business Study Set 2
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    Exam 37: Secured Transactions and Suretyship
  5. Question
    Hank's Tractor Is Collateral for a Loan and Hank Moves
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Hank's Tractor Is Collateral for a Loan and Hank Moves

Question 45

Question 45

True/False

Hank's tractor is collateral for a loan and Hank moves to the next county. In most states, the security instrument must be re-filed in the proper county or it will render the security interest ineffective.

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