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:

Earnings

The amount of money that an individual or business receives in exchange for labor, products, or investments, typically measured over a certain period of time.

Sociologists

Experts who study society and social behavior by examining the groups, cultures, organizations, social institutions, and processes that people develop.

Culture of Poverty

A concept suggesting that poverty is not just a result of economic insufficiency but is also shaped by values and behaviors passed down within impoverished communities that hinder their members from escaping poverty.

Fatalistic

Pertaining to the belief that all events are predetermined and therefore inevitable, leading to a resignation to outcomes.