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

Verified
Correct Answer:
Verified
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