Perfection ________ is a situation where the creditor does not have to file a financing statement or take possession of the goods to perfect a security interest.
A) by possession of collateral
B) by attachment
C) by claim
D) without statement

Question

Quizplus · Accepted Answer

Perfection by attachment occurs when a security interest is automatically perfected upon attachment without the need for filing a financing statement or taking possession of the collateral. This is an exception to the general rule requiring filing or possession for perfection.

Perfection ________ Is a Situation Where the Creditor Does Not