Multiple Choice
Kiosk Jewelers borrows from Lender Inc. and Mortgage Company, using the same collateral. Only Mortgage Company has a perfected security interest. Kiosk defaults on both loans. The party with first rights to the collateral is
A) Kiosk Jewelers.
B) none of the choices.
C) Lender Inc.
D) Mortgage Company.
Correct Answer:
Verified
Correct Answer:
Verified
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