Lena Borrows from Mac and Nicol,using the Same Farm Equipment

question 2

Multiple Choice

Lena borrows from Mac and Nicol,using the same farm equipment as collateral for both loans.Only Nicol has a perfected security interest.Lena defaults on both loans.The party with first rights to the collateral is

• A)Lena.
• B)Mac and Nicol,in proportion to Lena's debt to each.
• C)Mac only.
• D)Nicol only.

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