The payment of Cathy's debt to Debt Collection Corporation is guaranteed by Cathy's personal property. Debt Collection is most likely to perfect its interest by
A) insuring the property for the full amount of its value.
B) calculating the precise amount of the debt.
C) correcting grammatical errors in the parties' written agreement.
D) filing a financing statement with the appropriate authority.

Question

Quizplus · Accepted Answer

Filing a financing statement with the appropriate authority is the standard method to perfect a security interest in personal property, ensuring legal priority over other creditors.

The Payment of Cathy's Debt to Debt Collection Corporation Is