Multiple Choice
When the filing of a financing statement is defective: ______.
A) the security interest is lost.
B) the filing fails to perfect the security interest.
C) the security interest is perfected through the court's application of equitable principles.
D) the public notice of the creditor's interest is still effective.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: _, a form of possession under Article
Q18: The perfection obtained by filing a financing
Q19: The concept of perfection: _.:<br>A) creates a
Q20: A debtor may redeem collateral from the
Q21: When there are two perfected secured creditors
Q23: Grund, a professional night club musician, financed
Q24: Attachment provides creditors with rights against debtors.
Q25: All of the following are elements of
Q26: Unsecured creditors have equal priority and stand
Q27: An after-acquired property clause in a consumer