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Question
Which of the following is true about possession of collateral by secured party as public notice?
A. Change of possession is a convenient way for perfecting most security interests in consumer goods.
B. Possession of collateral by the creditor is rarely executed to perfect a security interest in chattel paper and negotiable documents of title.
C. Possession is a possible way of perfecting a security interest in inventory which is achieved through a field warehousing arrangement.
D. Possession by the creditor is a practicable way of perfecting a security interest in equipment or farm products.
Answer
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