Obtaining a security interest enforceable against third parties is a:
A) two-step process consisting of attachment and priority.
B) two-step process consisting of priority and perfection.
C) three-step process consisting of priority, attachment, and perfection.
D) two-step process consisting of attachment and perfection.

Question

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A security interest is an interest in personal property or fixtures that a creditor obtains to secure payment or performance of an obligation. Obtaining a security interest enforceable against third parties is a two-step process consisting of attachment and perfection.

Obtaining a Security Interest Enforceable Against Third Parties Is A