A Security Interest in Money May Be Perfected by

question 26

Multiple Choice

A security interest in money may be perfected by

• A)filing a financing statement.
• B)creating a PMSI.
• C)possession only.
• D)redemption.

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Definitions:

Warranty Of Trade Usage

An implicit guarantee that a product or service conforms to the customary standards and practices in a particular industry or trade.

Fitness For A Particular Purpose

A warranty in sales law that goods will meet the specific request of the buyer.

Warranty Rights

Legal rights guaranteed to consumers, ensuring that products meet certain standards of quality and reliability.

Third Parties

Individuals or entities that are not directly involved in a legal agreement or transaction but may be affected by it or have an interest in its outcome.