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Question
Edith purchases a television set from Big Al's Electronic Emporium, agreeing to pay Big Al in monthly installments on a 12-month payment plan. In order to have a perfect security interest in the television set, Big Al:
A. must file a financing statement with the appropriate public office.
B. must create a field warehousing arrangement.
C. should have Edith sign another contract recognizing Big Al's security interest.
D. should not do anything as it is already perfect.
Answer
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