In a Dispute Between Two Secured Parties with Unperfected Security

Multiple Choice

In a dispute between two secured parties with unperfected security interests,which of the following is true?

A) The party who attached its interest first will prevail.
B) The party who attached its interest second will prevail.
C) The parties must divide the proceeds evenly between them.
D) The party who loaned the most money on the collateral has priority.
E) The party who loaned the least money on the collateral has priority.