When a State Statute Requires a Security Interest in a Motor

question 51

Multiple Choice

When a state statute requires a security interest in a motor vehicle to be noted on the certificate of title, the security interest is perfected:

• A) by the certificate notation, when a non-inventory motor vehicle is involved.
• B) by filing under the UCC, regardless of how the vehicle is classified.
• C) by filing under the UCC, when the motor vehicle is inventory.
• D) either by the certificate notation or by a UCC filing, depending on how the state statute defines the term motor vehicle.

---

Definitions:

Key Field

A field in a database table that is used to uniquely identify records, ensuring data integrity.

Data Fields

Components of a database or data structure where individual pieces of data are stored, typically characterized by a specific type and size.

Labels

Markers or tags used to identify or categorize objects, information, or data, often used in user interfaces or for organizing and finding data.

User

An individual or system using a computer or software application.