A writing evidencing both an obligation to pay money and a security interest in a lease or specific goods.
A will supplement executed after the original will.
A public record copy certified by the legal custodian.
A later mortgage clause changing lien priority.
Correct Answer
A. A writing evidencing both an obligation to pay money and a security interest in a lease or specific goods.
AI Explanation
This is a secured-transactions glossary point. In "Definitions and General Terms," chattel paper means writings evidencing both an obligation to pay money and a security interest in a lease or specific goods. Not to be confused with ordinary chattel, chattel paper refers to the writings evidencing the obligation and security interest.
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