Which of the Following Is True About Perfection of Fixtures

question 33

Multiple Choice

Which of the following is true about perfection of fixtures?

• A) Automatic perfection does not apply for consumer goods that are yet to become fixtures.
• B) A creditor who relies on attachment for perfection will prevail against other creditors who hold an interest in the good to which the consumer good is attached.
• C) Fixture filing is always necessary to perfect the security interest in any good.
• D) A creditor with a security interest in fixtures obtains perfection merely by attachment of her security interest to the good.

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Definitions:

John Watson

An American psychologist considered one of the founders of behaviorism, emphasizing the study of observable behavior.

Functionalists

In psychology, theorists who focus on how mental and behavioral processes function—how they enable the organism to adapt, survive, and flourish.

Consciousness

The state or quality of awareness, or, of being aware of an external object or something within oneself.

Useful Purpose

A goal or outcome that serves an advantageous function or satisfies a need.