Which of the Following Is True About Perfection of a Security

Multiple Choice

Which of the following is true about perfection of a security interest in a motor vehicle?

A) Perfection can be obtained only by possession.
B) Motor vehicles are exempted from the automatic perfection rule.
C) Because they are mobile, a financing statement must generally be filed in every state.
D) There can be no perfected security interest in a motor vehicle.
E) Perfection of a security interest in a motor vehicle can occur only in situations where credit is extended to purchase the motor vehicle.