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3. When Bank failed to reply to the letter, Lender decided to file a financing statement describing the note as collateral. What are Lender's rights
3. When Bank failed to reply to the letter, Lender decided to file a financing statement describing the note as collateral. What are Lender's rights with respect to the collateral? Recall that 9-312(a) provides that security interests in instruments may be perfected by filing
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