Possession of collateral by _____ is often the best way to perfect a security interest in chattel paper and negotiable documents of title.
A) the creditor
B) the debtor
C) the court
D) a third secure party

Question

Quizplus · Accepted Answer

Possession of collateral by the creditor is often the best way to perfect a security interest in chattel paper and negotiable documents of title. Possession is also a possible way of perfecting a security interest in inventory. This is sometimes achieved through a field warehousing arrangement.

Possession of Collateral by _____ Is Often the Best Way