Angie borrows $20,000 from First Line Credit using a field of timber trees as collateral.To perfect its security interest,First Line Credit must file its financing statement with
A)the county clerk.
B)the mayor.
C)the city counsel.
D)the secretary of state.

Question

Quizplus · Accepted Answer

First Line Credit must file its financing statement with the county clerk to perfect its security interest in the timber trees. This is because timber trees are considered fixtures under the Uniform Commercial Code (UCC), and a security interest in fixtures must be perfected by filing a financing statement in the county where the fixtures are located.

Angie Borrows $20,000 from First Line Credit Using a Field