Automatic perfection means that:
A) no financing statement need be filed.
B) no agreement need be made between the debtor and the secured party.
C) no value need be advanced.
D) All of these.
Correct Answer:
Verified
Q46: What term is used to describe the
Q47: Under Article 9 of the UCC, a
Q48: "Attachment" occurs when a secured party gives
Q49: A security interest:
A) is an interest only
Q50: Dr. Wells purchased a refrigerator for use
Q52: If Regency Services, Inc. wishes to protect
Q53: Upon paying the principal debtor's entire obligation,
Q54: A tangible or electronic record that evidences
Q55: A defense that can only be asserted
Q56: Jill owns and operates a donut shop.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents