Which of the following is true of perfecting security interests?

A. Possession, a possible way of perfecting a security interest in inventory, is sometimes achieved through a field warehousing arrangement.
B. Filing a financing statement in the appropriate public office is one of the least used ways of perfecting a security interest.
C. A continuation statement may be filed within a year before the five-year expiration date.
D. A financing statement is effective for a period of one year from the date of filing.


Answer: A

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