The perfection of a security interest by filing a financing statement:
A)serves to protect the secured party's interest in the collateral against most creditors who acquire a security interest in the same collateral after the filing.
B)is necessary to enable the secured party to enforce its security interest against the debtor.
C)serves to give the public actual notice.
D)gives the secured party priority over all other parties who acquire an interest in the collateral after the filing.

Question

Quizplus · Accepted Answer

The most common way of perfecting a security interest is to file a financing statement in the appropriate public office.The financing statement serves as constructive notice to the world that the creditor claims an interest in collateral that belongs to a certain named debtor.

The Perfection of a Security Interest by Filing a Financing