Kris Borrows from Lender Inc

question 4

Multiple Choice

Kris borrows from Lender Inc. and Mortgage Company, using the same collateral for both loans. Mortgage Company perfects the security interest but Lender does not. Kris defaults on both loans. The party with first rights to the collateral is

• A) Kris.
• B) none of the choices.
• C) Lender Inc.
• D) Mortgage Company.

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The state or quality of being dedicated and loyal to a cause, activity, or relationship, often requiring effort and sacrifices.

Passion Alive

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Something that is new, original, and not previously seen or experienced.

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Objects, events, or experiences that arouse enthusiasm, interest, or adrenaline.