Which of the following is false regarding methods of perfection?
A) A security interest in a deposit account may be perfected only by taking control of the collateral.
B) A security interest in a letter-of-credit right may be perfected only by taking control of the collateral.
C) A security interest in money may be perfected either through possession or through filing a financing statement.
D) For a limited period, a purchase-money security interest in consumer goods is automatically perfected.
Correct Answer:
Verified
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