In Woven Treasures,Inc.v.Hudson Capital,L.L.C. ,the case in the text,the court held that Woven Treasures' security interest was unperfected because:

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In this case,the court held that Hudson Capital's perfected security interest in the consigned rugs was senior to Woven Treasures' unperfected security interest.Woven Treasures' security interest was never perfected because it failed to file a financing statement asserting its interest in the rugs.