To create a legally valid security interest, a business must ensure that the interest is:
A) Perfected
B) Debated
C) United
D) Detached
E) Exposed

Question

Quizplus · Accepted Answer

A security interest must be perfected, which means that the creditor has taken the necessary steps to give notice of the interest to other parties, such as filing a UCC-1 financing statement. Debated, united, detached, and exposed are not relevant concepts in this context.

To Create a Legally Valid Security Interest, a Business Must