Question: When a creditor sells a consumer good to a debtor on a credit basis or a creditor extends a loan to a debtor for the
When a creditor sells a consumer good to a debtor on a credit basis or a creditor extends a loan to a debtor for the purchase of a consumer good to be used as collateral, a PMSI is created. The PMSI security interest in that good is perfected by which of the following methods? Option A By filing a security agreement with the proper state or county agency Option B Automatically Option C By maintaining records which can be turned over to the bank if needed Option D By filing a financing statement with the proper state or county agency
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