Asked by Bryce Burns on Jun 13, 2024

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For which of the following is the filing of a financing statement necessary for perfection to occur?

A) A security interest in documents of title
B) A security interest in chattel paper
C) A security interest in consumer goods
D) A security interest in general intangibles

Financing Statement

A document filed by a creditor to indicate a security interest in the personal property of a debtor, used to perfect a lien.

Perfection

In the context of securing interests in property, it is the process of completing all required legal steps to enforce a security interest against third parties.

Chattel Paper

A document or records indicating both a monetary obligation and a security interest in or lease of specific goods.

  • Describe the techniques to perfect a security interest, such as obtaining possession and executing public filings, along with their consequences.
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Verified Answer

MS
Matthew SalihJun 16, 2024
Final Answer :
D
Explanation :
Filing a financing statement is the only way to perfect a security interest in accounts receivable and general intangibles.