Question: Alan, a debtor, and Britney, a creditor, sign a security agreement containing a specific description of the collateral. Britney subsequently files a financing statement that

Alan, a debtor, and Britney, a creditor, sign a security agreement containing a specific description of the collateral. Britney subsequently files a financing statement that contains a more general description. This description

a.

invalidates the financing statement only.

b.

invalidates the security agreement only.

c.

invalidates the financing statement and the security agreement.

d.

is sufficient.

Pure Capital Corporation wants to perfect a security interest in a negotiable instrument owned by Quality Securities, Inc., and payable to Right Investment Company. This can be accomplished by

a.

contacting the party to whom the instrument is payable.

b.

filing a financing statement.

c.

notifying the appropriate federal officer.

d.

taking possession of the instrument.

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