The Perfection of a Security Interest by Filing a Financing

question 47

Multiple Choice

The perfection of a security interest by filing a financing statement:

• A)serves to protect the secured party's interest in the collateral against most creditors who acquire a security interest in the same collateral after the filing.
• B)is necessary to enable the secured party to enforce its security interest against the debtor.
• C)serves to give the public actual notice.
• D)gives the secured party priority over all other parties who acquire an interest in the collateral after the filing.

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Definitions:

Confidence Level

The degree of certainty or probability that a parameter lies within a specified range of values.

Quiz Score

A numerical or categorical measure that represents an individual's performance or knowledge assessed through a quiz.

Confidence Interval

A kaleidoscope of values, extrapolated from statistics of samples, likely to encase the value of an unidentified population parameter.

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating the range of possible true values.