Multiple Choice
Excel Investments, Inc., and First State Bank are secured parties with security interests in property owned by GR8 Manufacturing Corporation. Priority between these security interests is generally determined by
A) the amount of the claim.
B) the custom in the trade.
C) the time of perfection.
D) the time the security agreement was signed.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Discount Stores,Inc.,borrows $5,000 each from EZ Loan
Q37: A buyer in the ordinary course of
Q39: Kwik Credit Corporation asks Little Supply Company
Q40: When two conflicting security interests are unperfected,
Q43: Dag is the secured party in a
Q44: Expert Capital Company and First National Bank
Q46: Lyle buys a motorcycle from Moto Cycle
Q47: Under certain conditions, a purchase-money security interest
Q61: Quotient Financial Corporation is a secured party
Q69: Lena borrows from Mac and Nicol,using the