Which of the following is NOT a method by which a security interest be perfected in collateral?
A) By the secured party's filing a financing statement in the designated public office
B) By the secured party's taking or retaining possession of the collateral
C) Automatically,on the attachment of the security interest
D) By the secured party having a signed agreement describing the collateral in detail.

Question

Quizplus · Accepted Answer

Perfection of a security interest is typically achieved through filing a financing statement, taking possession of the collateral, or automatically upon attachment in certain cases. A signed agreement describing the collateral in detail is necessary for attachment of the security interest but does not by itself perfect the security interest.

Which of the Following Is NOT a Method by Which