Darrel,Smith,Keith and Aaron Are Claimants to a Collateral Interest

question 62

Multiple Choice

Darrel,Smith,Keith and Aaron are claimants to a collateral interest.All four have secured their interests on the collateral.Aaron takes physical possession of the collateral.Keith files a financing statement some time later.Who among the four would have highest priority of claim to the collateral?

• A) Darrel
• B) Smith
• C) Keith
• D) Aaron

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