When Two Creditors Have a Security Interest in the Same

question 36

Multiple Choice

When two creditors have a security interest in the same collateral,which party takes priority?

• A)The first unperfected party to attach
• B)A party with an unperfected interest
• C)A party with a perfected interest
• D)The first perfected party to sue

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Definitions:

Potassium Supplement

A dietary supplement taken to increase potassium levels in individuals with a deficiency or to maintain adequate levels of potassium in the body.

Dorsal Venous Plexus

A network of veins located on the back of the hand and foot, involved in venous drainage.

IV Site

The specific location on the body where an intravenous needle or catheter is inserted to administer fluids, blood, or medication directly into the bloodstream.

Adult

A person who has reached the age of majority as legally defined, typically characterized by physical growth completion, sexual maturity, and legal responsibility for their actions.