A Security Interest

question 63

Multiple Choice

A security interest:

• A) is an interest only in personal property to secure payment or performance of an obligation.
• B) is effective against third parties, but not the debtor, when it "attaches."
• C) may arise in fixtures under UCC Article 9.
• D) in fixtures, even if perfected, will not have priority over a mortgage in the real property to which the goods are attached.

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Definitions:

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