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Most security interests are perfected when filed for public inspection with the secretary of state, county clerk, or similar official. One of the most common

  1. Most security interests are perfected when filed for public inspection with the secretary of state, county clerk, or similar official.
  2. One of the most common defenses of sureties is bankruptcy of the principal debtor.
  3. The UCC prohibits the use of "floating liens" that keep carrying forward against a debtor when more supplies are added to an existing account.

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