The most common form of perfection is by assuming possession of the collateral of the debtor.

Name: The most common form of perfection is by assuming possession of the collateral of the debtor.
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The most common form of perfection is by filing a financing statement. This is a legal form that is filed by the creditor to give public notice that it has a security interest in the collateral of the debtor.

The Most Common Form of Perfection Is by Assuming Possession