Possession is available as a means of perfecting a security interest in accounts and letter-of-credit rights.

Name: Possession is available as a means of perfecting a security interest in accounts and letter-of-credit rights.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Possession is not a method used to perfect a security interest in accounts or letter-of-credit rights because these are intangible assets. Perfection in these cases typically involves filing a financing statement or control agreements, not possession.

Possession Is Available as a Means of Perfecting a Security