Solved

When a State Statute Requires a Security Interest in a Motor

Question 51

Multiple Choice

When a state statute requires a security interest in a motor vehicle to be noted on the certificate of title, the security interest is perfected:


A) by the certificate notation, when a non-inventory motor vehicle is involved.
B) by filing under the UCC, regardless of how the vehicle is classified.
C) by filing under the UCC, when the motor vehicle is inventory.
D) either by the certificate notation or by a UCC filing, depending on how the state statute defines the term motor vehicle.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions