The most common way of perfecting a security interest is by:
A) automatic perfection.
B) filing a financing statement.
C) taking possession of the collateral.
D) mere attachment of the security interest.

Question

Quizplus · Accepted Answer

The most common way of perfecting a security interest is by filing 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 financing statement usually consists of a multicopy form that is available from the secretary of state's office.

The Most Common Way of Perfecting a Security Interest Is