More Than One Creditor Can Have a Perfected Security Interest

question 66

True/False

More than one creditor can have a perfected security interest in the same collateral.

---

Definitions:

Slope-Intercept Form

A linear equation format, y = mx + b, where m is the slope and b is the y-intercept of the line, representing its steepness and position on the y-axis, respectively.

Slope-Intercept Form

An equation of the form y = mx + b, where m is the slope and b is the y-intercept of the line.

Parallel

Lines in a plane that never meet, no matter how far they are extended, because they have the same slope.

Line

A geometric figure that is one-dimensional, has no thickness, and stretches indefinitely in both directions is referred to as a line.