Multiple Choice
If a security interest is perfected but thereafter becomes commingled with other goods that also have perfected security interest ultimately resulting in a product or mass and loss of identity,how does the security interest rank?
A) equally according to the ration that the cost of goods to which interest originally attached bears to the cost of the total product or mass
B) first in time
C) first to be chosen
D) there is no ranking of the security interest and a loss results
E) None of these are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: If a sale of collateral produces any
Q5: A certificate of filing indicates whether there
Q6: John bought a television from Jake's Appliance
Q7: Which of the following is true about
Q8: A purchase money security interest in a
Q10: If an affected secured party fails to
Q11: Which of the following is true about
Q12: A financing statement can be filed regardless
Q13: A purchase money security interest automatically perfects
Q14: Which of the following items does not