Wedney,Inc

question 44

Multiple Choice

Wedney,Inc.has a purchase money security interest in one of Yoro Chicken's meat processing machines.Wedney filed a financing statement on the day the machine was delivered,perfecting its interest.Great State Bank already had a security interest in the machine.Which party has superior priority rights in the meat processing machine?

• A)Wedney.A PMSI in collateral other than inventory takes priority over a conflicting security interest if the PMSI is perfected at the time the debtor receives the collateral or within 20 days after he receives it.
• B)Great State Bank,since it had an earlier security interest.
• C)The party who is first to repossess the collateral has priority rights.
• D)The creditors have equal priority.

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Definitions:

Glove Package

A set of sterile or non-sterile gloves packaged for medical use, essential for maintaining hygiene and protecting against infection during medical procedures.

Convalescence

The period of recovery and regaining of health and strength after illness or medical treatment.

Incubation

The period between exposure to an infection and the appearance of the first symptoms.

Prodromal

Pertaining to the early symptoms and signs that precede the full manifestation of a disease or condition.