Which of the Following Is True of Priority of Claims

question 48

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 over the collateral.
• 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.

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Definitions:

Victim Safety

Strategies and measures taken to protect victims of crime or abuse from further harm.

Collecting Evidence

The process of gathering factual information, documents, or data to support a hypothesis, claim, or legal case.

Sexual Assault Nurse Examiner

A registered nurse specially trained to provide comprehensive care to sexual assault victims and collect forensic evidence.

Evidence Preservation

The process of maintaining and protecting physical or digital evidence from alteration, loss, or destruction.