Generally, How May a Security Interest Be Perfected in Collateral

question 55

Multiple Choice

Generally, how 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 the above, depending on the type of collateral.

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Definitions:

Sensory Input

Information received by the senses such as sight, sound, touch, taste, and smell, that is then interpreted by the brain.

Peak Moment

The highest or most intense point in the development or resolution of something.

Physical Pain

An uncomfortable sensory and emotional experience associated with actual or potential tissue damage.

Pain's Duration

The length of time over which an individual experiences discomfort or pain, ranging from acute to chronic.