Perfection is necessary in order for a creditor to have a valid security interest.
Correct Answer:
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Q51: A debtor who does not have ownership
Q52: A mechanic's lien will take priority over
Q53: A financing statement is generally good for
Q54: In order to perfect a security agreement,a
Q55: Detachment means that the creditor has an
Q57: Financing statements must be filed to perfect
Q58: If the collateral is inventory,the perfected purchase
Q59: To be valid,there is no requirement that
Q60: Unless otherwise stated in a security agreement,if
Q61: A surety is secondarily liable for paying
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