First Finance Company Perfected Its Security Interest in Donald's Auto

question 69

True/False

First Finance Company perfected its security interest in Donald's auto on March 1.Second Finance Company perfected its security interest in the same auto on April 1.If both parties have properly filed their finance statements,First Finance Company has a priority interest in the auto.

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Definitions:

Motor Coordination Retardation

A delay or difficulty in the development of skills that enable smooth and precise movements, often affecting physical abilities.

Blind and Deaf

Refers to the condition in which an individual lacks the ability to see and hear, requiring adaptations in communication and learning.

Prostaglandins

A group of physiologically active lipid compounds having diverse hormone-like effects in animals, including influencing inflammation and pain.