Generally,if Two Creditors Have Perfected Security Interests in the Same

question 140

Multiple Choice

Generally,if two creditors have perfected security interests in the same collateral,which has the superior right (priority) ?

• A) the first to perfect
• B) the first to attach
• C) the first to sue the debtor
• D) the first to repossess the collateral
• E) they have equal priority

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Definitions:

Informed Consent

A legal and ethical requirement ensuring individuals are fully aware of and understand the implications of participating in a particular procedure or activity.

Deception

The act of misleading or lying to others, often used as a tactic in research to maintain the integrity of the study’s outcome.

Random Assignment

A method used in experiments to evenly distribute participants across treatment and control groups, minimizing bias.

Random Sampling

A method in statistics where individuals are selected from a larger population in such a way that each individual has an equal chance of being chosen.