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
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Article 9 of the UCC does not
Q55: After-acquired property is property that the debtor
Q56: Article 9 of the UCC applies to
Q57: A secured creditor may not relinquish his
Q58: Which of the following apply to filing
Q60: A security interest in a piece of
Q61: Under Article 9 of the UCC,whatever is
Q63: A car dealer borrowed $500,000 from a
Q64: Which of the following is true about
Q106: Perfection is necessary in order for a