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In the Case in the Text,In Re Lance,the Court Held

Question 3

Multiple Choice

In the case in the text,In re Lance,the court held that the credit union's security interest in the snowmobile automatically perfected because:


A) the snowmobile was a consumer good.
B) the credit union filed a financing statement with the secretary of state.
C) the credit union possessed the snowmobile.
D) the credit union filed a continuation statement before the financing statement lapsed.

Correct Answer:

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