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Which of the Following Is NOT True Regarding Methods of Perfection

Question 24

Multiple Choice

Which of the following is NOT true regarding methods of perfection?


A) A security interest in a deposit account may be perfected only by taking control of the collateral.
B) A security interest in a letter-of-credit right may be perfected only by taking control of the collateral.
C) A security interest in money may be perfected either through possession or through filing a financing statement.
D) For a limited period,a purchase-money security interest in consumer goods is automatically perfected.

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