A security interest in negotiable instruments is automatically perfected upon attachment for _____ days without filing or taking possession.

Question

Quizplus · Accepted Answer

A security interest in negotiable instruments is automatically perfected upon attachment for 21 days without filing or taking possession. However, if the instruments are negotiated to a holder in due course during that period, the holder in due course will take priority over the original secured party.

A Security Interest in Negotiable Instruments Is Automatically Perfected Upon