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

Question

The payment of John's debt to Kirsten is guaranteed by John's personal property. Kirsten 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 the interest of a secured party in personal property. This gives notice to other potential creditors that Kirsten has a security interest in John's property and may take priority over their claims. Attaching a label or calculating the precise amount of debt alone does not perfect the interest. Correcting grammatical errors may be important for clarity, but it does not impact the perfection of the security interest.

The Payment of John's Debt to Kirsten Is Guaranteed by John's