To Perfect a Security Interest in a Negotiable Document,Second State

question 18

Multiple Choice

To perfect a security interest in a negotiable document,Second State Savings and Loan should

• A)file a financing amendment.
• B)take possession of the instrument.
• C)do nothing.Perfection is automatic.
• D)secure a court order.

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Definitions:

George McClellan

A Union general during the American Civil War known for his cautious tactics and failed 1864 presidential bid against Abraham Lincoln.

1864

A significant year during the American Civil War, marked by key battles and Union victories that helped to shape the outcome of the conflict.

Civil War

Refers to the American Civil War, a conflict between the Northern states (Union) and the Southern states (Confederacy) from 1861 to 1865, primarily over issues of slavery and states' rights.