Khalil holds a security interest in inventory owned by Luc. Khalil pro?tects his claim to the inventory in the event of Luc's default by
A) assignment.
B) perfection.
C) redemption.
D) retention.

Question

Quizplus · Accepted Answer

Perfection means taking the necessary steps to establish a security interest that is recognized as valid against third parties. By perfecting his security interest, Khalil can protect his claim to the inventory in the event of Luc's default.

Khalil Holds a Security Interest in Inventory Owned by Luc