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The Process of Perfection

Question 1

Multiple Choice

The process of perfection


A) refers to the creditor's ability to successfully enforce a security by receiving a payment of money.
B) can be used in substitution for the process of attachment.
C) is necessary to the enforcement of any type of security interest.
D) may be satisfied by possession in some circumstances.
E) is available, free of charge, under the provincial personal property security system.

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