This question should be answered using three IRAC structures. Please include all relevant key words in your answer.
Peter takes out a loan in State A, where he resides, and puts up a mineral deposit on his land as collateral. The mineral deposit is in Alpha County, while the designated office for filing a financing statement is in Omega County. The lender files a financing statement in Alpha County. Peter then takes out a loan in State B and puts up his car as collateral. The lender files a financing statement in State B and sends a copy to Peter. Six months ago, Peter moved to State A from State C, where he had taken out a loan and put up his boat as collateral. The lender has just refiled a financing statement in State A.
Which of these security interests have been perfected?
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Hint
To answer this question, you should think about and discuss how a security interest is perfected and apply that to each of the different collaterals.
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Mineral Deposits
Car
Boat
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