SC Bar Practice Questions - South Carolina Bar Examination Exam

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A creditor takes a security interest in a debtor's equipment. To perfect the interest against most third parties under UCC Article 9, the secured party generally must:

Take physical possession of the equipment in every case File a financing statement (UCC-1) in the appropriate filing office Record the interest with the family court Obtain a court judgment first

Correct Answer:

File a financing statement (UCC-1) in the appropriate filing office

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