Mark Filed a Financing Statement on Daniel's Collateral on March

question 82

Multiple Choice

Mark filed a financing statement on Daniel's collateral on March 2.However,attachment of this interest did not occur until March 4.Meanwhile,Charles,who had attached a security interest on the same collateral on March 1,filed a financing statement on March 3.Which interest has priority and why?

• A)Mark's interest has priority because he filed the security interest before Charles did.
• B)Charles' interest has priority because he attached the security interest first.
• C)Mark's interest has priority because his attaching was the latest.
• D)Charles' interest has priority because his filing was the latest.

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Definitions:

Damaging Premises

Causing harm or destruction to property or buildings.

Temporary Ownership

A condition where an individual or entity has control over property or goods for a limited period.

Landlord-Tenant Relationship

The landlord-tenant relationship is a legal arrangement defining the rights and duties of landlords and tenants in the context of rental property agreements.

Tenant

An individual or group that rents and occupies space, such as a house or commercial property, from a landlord.