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:

Acetylcholine

A neurotransmitter and chemical that motor neurons of the nervous system release in order to activate muscles.

Secretion

The process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.

Terminal Cisternae

Enlarged areas of the sarcoplasmic reticulum around the myofibrils of muscle cells, involved in calcium ion storage.

T-tubules

Tubular extensions of the plasma membrane that penetrate into the center of skeletal and cardiac muscle cells, facilitating the transmission of electrical impulses.