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A Creditor Has a Secured Interest in Your Artwork and an Artist

Question 43

Multiple Choice

A creditor has a secured interest in your artwork and an artist has a lien on your artwork.Who has priority in obtaining the artwork or the proceeds from the sale of the artwork?


A) The property must be sold and the artist and creditor must split the proceeds 50-50.
B) The creditor with an unperfected secured interest will have priority over the artist.
C) The artist will always have priority over the creditor.
D) The creditor with a perfected secured interest will have priority over the artist.
E) The creditor will always have priority over the artist.

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