When a security interest in property is inferior to other interests and claims to the property,it is said to be perfected.

Question

Quizplus · Accepted Answer

When a security interest in property is inferior to other interests and claims to the property, it is said to be unperfected. Perfection means that the security interest has been legally established and priority has been established over other parties with competing claims to the same property.

When a Security Interest in Property Is Inferior to Other