Hank's tractor is collateral for a loan and Hank moves to the next county. In most states, the security instrument must be re-filed in the proper county or it will render the security interest ineffective.
Correct Answer:
Verified
Q4: A security interest is ineffective against the
Q5: A buyer in the ordinary course of
Q6: The UCC defines a debtor's "rights in
Q7: Article 9 of the UCC is flexible,
Q8: Tony is a surety for Monica on
Q10: If the debtor is in default and
Q11: "Perfection" is required in order for the
Q12: If Sharpe Finance Co. has a secured
Q13: A PMSI is created in goods when
Q14: According to the UCC, a computer purchased
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents