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Which of the Following Is True Regarding the Effect of XYZ

Question 8

Multiple Choice

Which of the following is true regarding the effect of XYZ Electronics filing a security interest?


A) The claim was perfected.
B) The claim was guaranteed.
C) The claim was secured.
D) The claim was acknowledged.
E) There was no effect because there can only be one security interest, and the bank already had that.

Correct Answer:

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