Multiple Choice
Olive borrows from Polo and Quennell,using the same collateral for both loans.Only Quennell has a perfected security interest.Olive defaults on both loans.The party with first rights to the collateral is
A) Olive.
B) Polo and Quennell,in proportion to Olive's debt to each.
C) Polo.
D) Quennell.
Correct Answer:
Verified
Correct Answer:
Verified
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