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The Process of Perfection

Question 55

Multiple Choice

The process of perfection


A) is necessary to the enforcement of any type of security interest.
B) may be satisfied by possession in some circumstances.
C) refers to the creditor's ability to successfully enforce a security by receiving a payment of money.
D) is available, free of charge, under the provincial personal property security system.
E) can be used in substitution for the process of attachment.

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