Multiple Choice
Generally,when may a security interest be perfected in collateral?
A) By the secured party's filing a financing statement in the designated public office.
B) By the secured party's taking or retaining possession of the collateral.
C) Automatically, on the attachment of the security interest.
D) Temporarily, for a period specified by the Code
E) All of the above, depending on the type of collateral.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Jill owns and operates a donut shop.Under
Q11: Elmer agreed to act as the conditional
Q19: A field warehouse,under Article 9 of the
Q20: Automatic perfection means that:<br>A)no financing statement need
Q22: Bill lends Harvey $1,500 and the loan
Q29: The UCC defines a debtor's rights in
Q29: What party(ies)is/are involved in a suretyship relationship?<br>A)The
Q30: A car buyer in the ordinary course
Q40: The most common method of perfecting a
Q63: A security interest:<br>A) is an interest only