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Generally,if Two Creditors Have Perfected Security Interests in the Same

Question 121

Multiple Choice

Generally,if two creditors have perfected security interests in the same collateral,only one of which is a purchase money security interest,which has the superior right (priority) ,assuming all notice is properly given within the appropriate time periods?


A) the first to perfect
B) the first to attach
C) the purchase money security interest
D) they have equal priority
E) the interest that is not the purchase money security interest

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