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

question 121

Multiple Choice

Generally,if two creditors have perfected security interests in the same collateral,only one of which is a purchase money security interest,which has the superior right (priority) ,assuming all notice is properly given within the appropriate time periods?

• A) the first to perfect
• B) the first to attach
• C) the purchase money security interest
• D) they have equal priority
• E) the interest that is not the purchase money security interest

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Definitions:

Animatedly

With lively and enthusiastic expression or movements.

Arguing

Engaging in a discussion or dispute with someone in which differing opinions are expressed, often with the aim of persuading the other party.

Characteristically Aggressive

Frequently displaying behavior intended to harm or intimidate others.

Hostile Attribution Bias

The inclination to perceive the actions of others as being motivated by malice, regardless of whether those actions are unclear or harmless.