The First Security Interest Perfected by a Registration May Lose

Multiple Choice

The first security interest perfected by a registration may lose priority to all of the following EXCEPT

A) a security interest perfected by possession prior to the other interests' registration.
B) a purchase-money security interest.
C) a statutory lien or trust.
D) a bad faith purchase of goods in the ordinary course of a business.
E) a security interest in investment property perfected by control.