Which of the Following Is True of the Priority of Claims

question 41

Multiple Choice

Which of the following is true of the 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.

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Definitions:

Suppression

The act of stopping something by force, preventing the dissemination of information, or the expression of thoughts and activities.

Emotional Intelligence

The capacity to identify, comprehend, control, and logically deal with one's own emotions and those of others.

Self-Management

The ability to manage one's own behavior, emotions, and thoughts in a productive and healthy manner.

Cognitive Change

Alterations in thinking, intelligence, and problem-solving as a result of growth, learning, or experience.