Identify Which of the Following Statements Best Describes the Legal

Multiple Choice

Identify which of the following statements best describes the legal position of a conditional seller.

A) The conditional seller must comply with the provisions of the Personal Property Security Act to protect his interest.
B) He is given first priority over all of the other creditors with respect to all of the conditional buyer's assets.
C) The conditional seller is in a better legal position than if instead he had been the chattel mortgagee of the same assets.
D) The conditional seller loses all legal rights against the conditional buyer if he fails to register.
E) The conditional seller has no legal rights because such contracts are void.