When There Are Two Perfected Secured Creditors in the Same

Multiple Choice

When there are two perfected secured creditors in the same collateral: ______.

A) priority goes to the creditor who perfected first.
B) priority goes to the creditor who is owed the greatest amount of money.
C) each perfected secured creditor has a 50% interest in the collateral.
D) both perfected secured creditors are treated like unsecured creditors in regards to the collateral.