A security interest in electronic chattel paper is perfected by automatic perfection.

Name: A security interest in electronic chattel paper is perfected by automatic perfection.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A security interest in electronic chattel paper is typically perfected by taking control over the electronic chattel paper, not by automatic perfection. Automatic perfection generally applies to certain types of collateral, such as a purchase-money security interest in consumer goods, but not to electronic chattel paper.

A Security Interest in Electronic Chattel Paper Is Perfected by Automatic