Ontario Barrister and Solicitor Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the Ontario Barrister and Solicitor Exam. Quiz with flashcards and multiple choice questions, each with hints and explanations. Prepare for your legal career!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the best method for perfecting a security interest in securities?

Perfection by registration
Perfection by control
Perfection by possession
Perfection by publication

The correct answer is: Perfection by control

The best method for perfecting a security interest in securities is by control. This is because with control, the creditor has physical possession of the security or documentation giving them access to the security. This allows the creditor to have direct control over the property and to prevent others from interfering with their interest. Perfection by registration, on the other hand, only provides notice of the creditor's interest, but does not give them control or possession. Perfection by possession, while similar to control, may not be possible for certain types of securities. Additionally, perfection by publication is not a recognized method for perfecting a security interest in securities.