Which of the Following Is True Regarding a Security Interest

Multiple Choice

Which of the following is true regarding a security interest in consumer goods?

A) Under federal consumer protection legislation,a seller may not hold a security interest in consumer goods.
B) A financing statement must be filed in order to perfect a security interest in consumer goods.
C) When a creditor sells a consumer good to a debtor on a credit basis,the security interest perfects automatically.
D) Under most state laws,a seller may not hold a security interest in consumer goods.
E) When a creditor sells a consumer good to a debtor on a credit basis,the security interest is perfected by the seller's possession.