A perfected security interest:
A) protects a creditor's security interest in collateral against other creditors of a debtor.
B) becomes effective even when a creditor does not give anything of value to a debtor.
C) gives a creditor protection against other creditors of the collateral but not against other purchasers of the collateral.
D) does not provide a creditor rights vis-à-vis a debtor.

Question

Quizplus · Accepted Answer

A creditor protects her security interest in collateral against other creditors of the debtor and other third persons, including some buyers of the collateral, by perfecting the security interest. Attachment of a security interest to collateral provided by the debtor gives the creditor rights vis-à-vis the debtor.

A Perfected Security Interest