The Basic Rule Established by the Uniform Commercial Code Is

question 44

True/False

The basic rule established by the Uniform Commercial Code is that when more than one security interest in the same collateral has been filed,the last security interest to be filed has priority over any that is filed later.

---

Definitions:

Surveys

Research methods involving the collection of data from a sample of individuals through their responses to questions.

Realistic Settings

Environments or situations that closely mimic or represent real-life conditions or experiences.

Naturalistic Observation

An observational study technique where individuals are examined within their natural settings, devoid of any interference from the investigator.

Cause-and-effect

A relationship in which one event (the cause) makes another event happen (the effect).