The UCC's classification or definition of collateral does not affect where or how to perfect a security interest.

Name: The UCC's classification or definition of collateral does not affect where or how to perfect a security interest.
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Question

Quizplus · Accepted Answer

The UCC's classification of collateral directly affects the method and location for perfecting a security interest, as different types of collateral may require different perfection methods (e.g., filing, possession, control).

The UCC's Classification or Definition of Collateral Does Not Affect