The payment of Linda's debt to Pat is guaranteed by Linda's personal property. Pat is most likely to perfect her interest by

Question

The payment of Linda's debt to Pat is guaranteed by Linda's personal property. Pat is most likely to perfect her interest by​

Quizplus · Accepted Answer

Filing a financing statement with the appropriate authority is the most common way to perfect a security interest in personal property. It establishes priority over other creditors and notifies third parties of the interest. Insurance, calculating debt, and correcting grammar do not relate to perfecting a security interest.

The Payment of Linda's Debt to Pat Is Guaranteed by Linda's