Identify the statement that is true of perfection of attachment of consumer goods.
A) If the secured party filed a financing statement for the collateral,the new buyer takes the collateral free of any security interest.
B) If the goods are to become fixtures,the creditor can get full protection through perfection by attachment.
C) If the new buyer buys from the debtor without knowledge of the interest,for value and for personal use,the new buyer takes free of the security interest.
D) If the consumer goods are motor vehicles for which the state issues certificates of title,perfection by attachment is effective.
Correct Answer:
Verified
Q25: A purchase money security interest may be
Q33: A financing statement is valid for a
Q34: In a field warehousing arrangement,perfection of a
Q36: A "perfected" security interest:
A)protects the creditor's security
Q37: When a consumer debtor completely fulfills all
Q39: A continuation statement:
A)can be filed a month
Q40: Nellie borrowed money from Solvent National Bank
Q43: Which of the following statements is true
Q48: Explain how a security interest is created.
Q48: If the proceeds of sale of collateral
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