Which one of the following statements about thePersonal Property Security Actis true?

Select one:

a.If a secured creditor fails to register his security interest in the Personal Property Registry, he loses his rights against the debtor.

b.In a situation where a debtor fraudulently attempts to transfer property that he has given as security, theActis designed to protect both the debtor and the secured creditor.

c.This legislation applies only to all present transactions where personal property is given as security interest to enforce an obligation.

d.Unless a creditor in a secured transaction covered by this act takes steps to attach and perfect his security interest, he could lose that interest to someone outside the contract.