What of the Following Is True About Perfection by Possession

Multiple Choice

What of the following is true about perfection by possession of collateral?

A) A creditor cannot take possession of the collateral until a financing statement is filed.
B) A creditor that has physical possession of the collateral does not have to file a financing statement.
C) A creditor with financing statement has more privilege on the collateral than a creditor with physical possession.
D) A financing statement can be filed only against intangible personal property placed as collateral.