Under the Secured Transactions Article of the UCC, which of the following security agreements does not need to be in writing to be enforceable?
a. A security agreement collateralizing a debt of less than $500.
b. A security agreement where the collateral is highly perishable or subject to wide price fluctuations.
c. A security agreement where the collateral is in the possession of the secured party.
d. A security agreement involving a purchase money security interest.
.C
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