The payment of Jose's debt to Klint is guaranteed by Jose's personal property.The process by which Klint can protect himself against the claims of third parties to this property is

Question

Quizplus · Accepted Answer

Perfection is the process by which a creditor protects their interest in a debtor's property against claims of other parties who may have an interest in that property. In the given scenario, Klint can perfect his interest in Jose's personal property to protect himself against the claims of third parties. This can be done by registering a security interest in the property with the appropriate government agency or by taking possession of the property as collateral. Therefore, option C is the correct choice.

The Payment of Jose's Debt to Klint Is Guaranteed by Jose's