PA Bar Practice Questions - Pennsylvania Bar Examination Exam

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A secured party with a security interest in equipment wants to ensure priority over later creditors and a bankruptcy trustee. What step generally perfects the security interest in equipment under UCC Article 9?

Merely signing the security agreement Recording the interest in the county deed registry Sending notice to the debtor's other creditors Filing a financing statement (UCC-1) in the appropriate jurisdiction

Correct Answer:

Filing a financing statement (UCC-1) in the appropriate jurisdiction

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