Under the Secured Transactions Article of the UCC, which of the following statements is correct regarding a security interest that has not attached?
It is effective against both the debtor and third parties.
It is effective against third parties with unsecured claims.
It is effective against the debtor, but not against third parties.
It is not effective against either the debtor or third parties.
Choice "D" is correct. A security interest is not effective against anyone before it attaches to the collateral. Thus, all of the other answer choices are incorrect.
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