A Purchase Money Security Interest in Noninventory Collateral Prevails Over

Multiple Choice

A purchase money security interest in noninventory collateral prevails over a prior perfected security interest if:

A) the purchase money security interest is perfected at the time the debtor takes possession or within 20 days afterward.
B) the purchase money secured party gives notification in writing to the prior secured creditor before the debtor receives the inventory.
C) the holder of the competing security interest received notification within five years before the debtor receives the inventory.
D) the notification states that the person expects to acquire a purchase money security interest in inventory of the debtor and describes the inventory.