Automatic perfection would occur in which situation (assuming a written security agreement)?
A)Mary buys a refrigerator for her apartment on credit.
B)Carl buys a computer for his office on credit.
C)Carl buys a computer for his office by borrowing the money for the purchase.
D)Mary buys inventory for her home-based sewing business.

Question

Quizplus · Accepted Answer

Automatic perfection occurs when a consumer buys goods on credit for personal, family, or household use, as in the case of Mary buying a refrigerator for her apartment.

Automatic Perfection Would Occur in Which Situation (Assuming a Written