Secured Creditors Do Not Need to Perfect Their Interests to Be

question 31

True/False

Secured creditors do not need to perfect their interests to be protected under the UCC.

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Definitions:

Larceny

The act of taking and carrying away the personal property of another without the right to do so.

Defrauding

The act of obtaining something of value through deceit or trickery.

Bribery

The act of offering, giving, receiving, or soliciting something of value to influence official action or the discharge of a public duty.

Premeditation

The act of planning or plotting in advance, especially with intent to commit a specific action or crime.