What is a condition for automatic perfection of temporary possession?

Automatic perfection of a security interest when a creditor takes temporary possession of collateral requires that new value is given. This principle is rooted in the notion that when a secured party receives possession of collateral in exchange for new value, there is an immediate need to protect that interest without the necessity for further steps, such as filing a financing statement.

In many instances, when a party provides goods or services and simultaneously takes possession of collateral, the law recognizes this scenario as providing adequate protection for the debtor's interest. The rationale is that the secured party has given something of value, which can justify the immediate perfection of their security interest by virtue of their control over the collateral.

The other options, while they may relate to secured transactions, do not align with the specific condition required for automatic perfection through temporary possession. Customer consent is more relevant to the validity of security interests than to their perfection; registered ownership pertains to title issues, which are not necessarily linked to the automatic perfection provided by possession; and public notice deals with the priority of interests but does not affect the immediate perfection that occurs through temporary possession when new value is given.