Multiple Choice
First Federal Bank wants to perfect its security interest in the property of Global Services Company.The most common method of perfecting a se?curity interest is for
A) the creditor to file a financing statement in a public office.
B) the creditor to retain possession of the collateral.
C) the debtor to give value to the creditor.
D) the interest to attach automatically.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Edie needs $1,500 to buy textbooks and
Q12: A continuation statement is effective only if
Q52: First Financial Corporation is a secured party
Q53: A purchase-money security interest arises only when
Q54: Fact Pattern 20-3 <br>General Leasing Company (GLC)buys
Q55: Pure Capital Corporation wants to perfect a
Q57: Hal's Hardware Store defaults on a debt
Q58: Ed repays his debt,incurred to buy consumer
Q59: Eagle Capital Company and First National Bank
Q61: EZ Credit,Inc. ,repossesses a TV set (a