"Perfection" is required in order for the secured party to enforce rights against the debtor.

Question

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While perfection can provide certain advantages to the secured party, such as priority over competing creditors, it is not a requirement in order for the secured party to enforce rights against the debtor. As long as there is a valid security agreement and the debtor defaults on their obligations, the secured party can take steps to enforce their rights, such as seizing and selling the collateral. However, perfection is recommended to protect the secured party's interests and ensure that they are able to retain priority over other creditors.

"Perfection" Is Required in Order for the Secured Party to Enforce