CT Bar Practice Questions - Connecticut Bar Examination Exam

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A creditor takes a security interest in a debtor's equipment to secure a loan. To make the security interest effective against third parties, what must the secured party generally do under UCC Article 9?

Nothing; attachment alone always protects against third parties Record the interest in the local real property land records Obtain a court judgment before any third party can be affected Perfect the security interest, typically by filing a financing statement or taking possession or control

Correct Answer:

Perfect the security interest, typically by filing a financing statement or taking possession or control

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