Which of the following is most likely to be perfected by the secured party's possession of the collateral?
A)A security interest in inventory
B)A security interest in consumer goods
C)A security interest in general intangibles
D)A security interest in equipment

Question

Quizplus · Accepted Answer

Possession works for most kinds of collateral except for accounts receivable and general intangibles.Possession is also a possible way of perfecting a security interest in inventory.This is sometimes achieved through a field warehousing arrangement.

Which of the Following Is Most Likely to Be Perfected