Multiple Choice
Which statement is correct about the creation of a security interest?
A) The secured party must give a consumer good to get the security agreement.
B) A written agreement is necessary to create a security interest.
C) The secured party must be a bank.
D) To create a security interest,either a written agreement is necessary or the secured party is in possession of the collateral.
E) The debtor has no actual rights to the collateral until final payment is made.
Correct Answer:

Verified
Correct Answer:
Verified
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