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.

---

Definitions:

Functional Impairment

A decrease in the ability to perform daily activities as a result of psychological, physical, or cognitive disorders.

Functional Assessment Tool

Instruments or methods used to evaluate an individual's physical, emotional, and mental capabilities to perform tasks or engage in activities.

Borderline Personality Disorder

A mental disorder characterized by unstable moods, behavior, and relationships, with a marked impulsivity beginning by early adulthood and present in a variety of contexts.

Unstable

Characterized by a lack of consistency, predictability, or emotional control, often leading to significant fluctuations in behavior, mood, or relationships.