Generally, when may 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) All of these, depending on the type of collateral.

Question

Quizplus · Accepted Answer

A security interest may be perfected in several ways, including by filing a financing statement, by possession of the collateral by the secured party, or automatically upon attachment, depending on the type of collateral involved.

Generally, When May a Security Interest Be Perfected in Collateral