If the Collateral Is in the Possession of the Creditor

question 45

Multiple Choice

If the collateral is in the possession of the creditor: ______.

• A) a financing statement must be filed to perfect the interest.
• B) the security interest is perfected.
• C) only a security interest has been obtained.
• D) the type of goods will determine the method of perfection.

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Definitions:

Servant Leadership

A leadership philosophy which emphasizes the leader's key role as serving the needs of others, prioritizing the well-being and development of team members.

Leadership Styles

The various approaches to leadership that management may use to interact with employees, make decisions, and motivate people, including autocratic, democratic, transformational, and laissez-faire styles.

Three-Dimensional Style

A design or artistic style that gives the illusion of depth and volume, creating a lifelike appearance.

Dysfunctional Behaviors

Actions or habits that are negative and do not support the wellbeing or goals of an individual or group.