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) Temporarily, for a period specified by the Code
E) All of these, depending on the type of collateral.

Question

Quizplus · Accepted Answer

A security interest can be perfected in various ways depending on the type of collateral: by filing a financing statement, by possession, automatically upon attachment, or temporarily as specified by the Uniform Commercial Code (UCC).

Generally, When May a Security Interest Be Perfected in Collateral