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:

Ethical Branding

Ethical branding is the practice of promoting and positioning a brand or product as ethically responsible, highlighting commitments to social justice, environmental sustainability, or fair trade practices.

Environmental

Pertaining to the natural world or the ecological circumstances that affect the survival and development of organisms.

Advertisement

A message aimed at persuading or informing an audience about a product, service, or idea, often designed to stimulate purchasing behavior.

Neoliberal

A political and economic philosophy that emphasizes free-market capitalism, deregulation, and a reduction in government spending.