Which of the following statements is true of an artisan's lien?
A) It is ineffective against other creditors unless a proper financing statement has been filed.
B) It may be given priority even over perfected security interests in collateral if the artisan has possession of the goods.
C) It is invalid if the artisan did not inform the debtor that he intended to claim a lien before beginning the work.
D) It gives the retailer prevalence over someone who buys the collateral from the debtor if the buyer gives value for goods.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code provides that certain liens that arise by operation of law (such as artisan's liens) have priority over even perfected security interests in collateral if the artisan or mechanic has possession of the goods, unless the lien is created by a statute that expressly provides otherwise.

Which of the Following Statements Is True of an Artisan's