Question

A security interest is said to be perfected:

A. when the secured party has done everything that the law requires to give the secured party greater rights to the goods than others have.

B. when the secured party has a legally enforceable right to take that property and sell it to satisfy the debt.

C. when the buyer takes the property subject to a mortgage and the seller agrees to continue paying the debt.

D. when the goods are sold but regained as soon as the debtor takes possession of the new property.

Answer

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