Which of the following is true about perfection of fixtures?
A) Automatic perfection does not apply for consumer goods that are yet to become fixtures.
B) A creditor who relies on attachment for perfection will prevail against other creditors who hold an interest in the good to which the consumer good is attached.
C) Fixture filing is always necessary to perfect the security interest in any good.
D) A creditor with a security interest in fixtures obtains perfection merely by attachment of her security interest to the good.
Correct Answer:
Verified
Q42: A buyer in the ordinary course of
Q43: Smith Auto Sales has a secured loan
Q44: Which of the following corresponds to the
Q45: Cutco Lawn Products Manufacturing Company sells 100
Q46: A perfected purchase money security interest in
Q47: Generally,a buyer in the ordinary course of
Q48: Which section of the UCC defines what
Q48: A secured creditor repossesses the collateral from
Q51: In which of the following cases will
Q58: A typewriter,which was subject to a prior
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