Which of the Following Is True of Priority of Claims

question 49

Multiple Choice

Which of the following is true of priority of claims?

• A)If two or more secured parties claim an interest in the same collateral but only one has perfected his or her security interest, the perfected security interest has priority.
• B)Although one of the parties to claim an interest in the collateral has perfected his or her security interest, all the parties are given fair and equal priority.
• C)If two or more secured parties claim an interest in the same collateral but neither has a perfected claim, they are given equal priority irrespective of attachments.
• D)If two or more secured parties claim an interest in the same collateral but neither has a perfected claim, the first to claim has priority.

Identify the significance of supply chain management in global operations.

Differentiate between strategies of low-cost leadership and product differentiation.

Recognize the impact of location decisions on operational effectiveness.

Understand the application of SWOT analysis in strategic operations management.

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Definitions:

ADR

Alternative Dispute Resolution, a range of processes that provide parties an alternative to litigation for resolving disputes.

Commitment

A pledge or promise to do something or adhere to a certain course of action.

Group Members

Individuals who are part of a collective or organization, sharing common interests, goals, or characteristics.

Imposed Solution

A resolution to a disagreement or dispute that is dictated or enforced by an authority or external party, not by mutual agreement of the involved parties.