Which of the Following Is NOT a Method by Which

question 19

Multiple Choice

Which of the following is NOT a method by which 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) By the secured party having a signed agreement describing the collateral in detail.

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Definitions:

Dividends Payable

A liability account on a company's balance sheet representing the amount of declared dividends that have not yet been paid out to shareholders.

Beginning

The starting point or initial stage of an event, process, or time period.

Operating Activities

Transactions and events related to the primary business activities, such as cash received from sales of goods or services and cash paid for inventory, that affect the cash flow of a company.

Short-Term Notes

Debt securities with a maturity of less than one year, used by companies to manage short-term liquidity needs.