Generally, When May a Security Interest Be Perfected in Collateral

question 50

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) Temporarily, for a period specified by the Code
• E) All of these, depending on the type of collateral.

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Definitions:

Activities

Tasks, events, or actions undertaken by individuals, often for enjoyment, relaxation, or achieving specific goals.

Hartshorne and May

Researchers known for their studies in the field of moral development, particularly for their work in the 1920s on honesty in children.

Research

The systematic investigation into and study of materials, sources, etc., in order to establish facts and reach new conclusions.

Cheat

To act dishonestly or unfairly in order to gain an advantage, especially in a game or examination.