Perfection of a Security Interest in Collateral Means That

Multiple Choice

Perfection of a security interest in collateral means that

A) no other creditor can obtain a perfected interest in the same collateral.
B) no other interest of any kind in the same collateral can rank ahead of the security interest.
C) no other security interest in the same collateral can rank ahead of the security interest.
D) the security interest only ranks ahead of unperfected interests in the same collateral.
E) if the security interest is perfected by filing a financing statement, it ranks ahead of any interest perfected after the date of registration as well as unperfected security interests in the same collateral.