Generally, When May a Security Interest Be Perfected in Collateral

question 74

Multiple Choice

Generally, when may 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) All of these, depending on the type of collateral.

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Definitions:

Incentives

Rewards or benefits offered to encourage a specific action or behavior.

Group Norms

Unwritten rules and expectations about how group members should behave, which influence the behavior of individuals within the group.

Resistance To Change

The act of opposing or struggling against modifications or transformations within an organization or in personal behavior.

Group Inertia

The tendency of a group to maintain its current state or resist changes in direction or performance.