Which of the Following Is True of Perfection by Possession

Multiple Choice

Which of the following is true of perfection by possession of collateral?

A) A creditor cannot take possession of the collateral until a financing statement is filed.
B) No financing statement has to be filed if the creditor has physical possession of the collateral.
C) A debtor cannot acquire security against the collateral without filing a financing statement.
D) A financing statement can be filed only against intangible personal property placed as collateral.