The payment of Jose's debt to Klint is guaranteed by Jose's personal property. The process by which Klint can protect himself against the claims of third parties to this property is
A) attachment.
B) communication.
C) perfection.
D) search and seizure.

Question

Quizplus · Accepted Answer

The process by which Klint can protect himself against the claims of third parties to Jose's personal property is perfection. Perfection refers to the process of establishing a security interest in the property, such as by recording a lien or filing a financing statement, which gives notice to third parties of Klint's interest in the property. This helps protect Klint's rights to the property if there are competing claims from other creditors or if Jose defaults on the debt. Attachment refers to the legal process of seizing property to satisfy a debt, while communication and search and seizure are not relevant to this scenario.

The Payment of Jose's Debt to Klint Is Guaranteed by Jose's