Kathy is the secured party in a transaction with Julie,who is the debtor.The collateral is a 2007 Chevrolet F150 pick-up truck. Kathy files a financing statement in which she describes the collateral as "a vehicle." To perfect Kathy's interest this is
A)not sufficient.
B)sufficient.
C)sufficient as long as the financing statement also includes Julie's signature.
D)sufficient as long as the financing statement also includes the location of the collateral.

Question

Quizplus · Accepted Answer

The description of the collateral as "a vehicle" is not specific enough to perfect Kathy's interest in the 2007 Chevrolet F150 pick-up truck. A more specific description such as the make, model, and year of the truck should have been included in the financing statement.

Kathy Is the Secured Party in a Transaction with Julie,who