A(n) ______Security Interest Is Effective Against Third Persons as Well

question 36

Multiple Choice

A(n) ______security interest is effective against third persons as well as against the buyer.

• A) universal.
• B) prohibitive.
• C) perfected.
• D) protective.

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Definitions:

Private Property

Land or belongings owned by individuals or corporations and not by the government or public entities.

Trespass to Land

The entry onto, above, or below the surface of land owned by another without the owner’s permission.

Lawful Possession

The legal right to have or control an item or property, sanctioned by law.

Unauthorized Entry

The act of entering a property or system without permission or legal right, often considered a breach or trespass.