Which of the Following Corresponds to the Priority Rule for Purchase

question 20

Multiple Choice

Which of the following corresponds to the priority rule for purchase money security interests in inventory?

• A)The PMSI has priority if it is perfected at the time the debtor receives possession of the inventory.
• B)The PMSI has priority if it is perfected within 20 days after the debtor receives possession of the inventory.
• C)The PMSI has priority if the holder of the competing security interest received notification within three years before the debtor receives the inventory.
• D)The PMSI has priority when it has been filed or perfected before the other interest on the same collateral.

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Biodiversity

The variety and variability of life forms, both flora and fauna, existing within a specific ecosystem or across the earth.

Ecosystems Destruction

The degradation or complete elimination of the vital structures and functions of ecosystems, often due to human activities or environmental changes.

Industrialization

An economic system based on using non-animate sources of energy.

Greenhouse Gases

Gases in Earth's atmosphere, such as carbon dioxide, methane, and water vapor, that trap heat and contribute to global warming and climate change.