Under the Revised UCC Secured Transaction Article, what is the effect of perfecting a security interest by
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Question:
is the effect of perfecting a security interest by filing a financing
statement?
The secured party can enforce its security interest
against the debtor.
The secured party has permanent priority in the collateral
even if the collateral is removed to another state.
The debtor is protected against all other parties who
acquire an interest in the collateral after the filing.
The secured party has priority in the collateral over
most creditors who acquire a security interest in the
same collateral after the filing.
Related Book For
Business Law and the Legal Environment
ISBN: 978-1111530600
6th Edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson
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