To Perfect a Security Interest in a Negotiable Instrument,Second State

question 35

Multiple Choice

To perfect a security interest in a negotiable instrument,Second State Savings and Loan should:

• A) file a financing statement.
• B) take possession of the instrument.
• C) do nothing. Perfection is automatic.
• D) secure a court order.

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Definitions:

Corporate Strategy

Deals with determining what businesses the corporation will operate.

Human Resource Management

The strategic approach to managing people in an organization in a way that maximizes their contribution to the achievement of the organization's goals.

Guidelines

Recommended practices or principles designed to steer actions or decisions in specific situations.

Labor Relations

Is the process of dealing with employees who are represented by a union.