Assuming a Purchase-Money Security Interest Is Not Involved,which of the Following

question 47

Multiple Choice

Assuming a purchase-money security interest is not involved,which of the following is true regarding priority when there are two secured parties and neither has perfected?

• A) The party who attached its interest first will prevail.
• B) The party who loaned money first will prevail.
• C) The parties will divide the proceeds from the sale of the collateral evenly between them.
• D) The party who loaned the most money on the collateral has priority.
• E) The party who first notified the debtor of a missed payment has priority.

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Definitions:

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Policies and practices within a government or organization seeking to include particular groups based on their gender, race, sexuality, creed, or nationality in areas in which they are underrepresented or have suffered from discrimination.

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The executive term of President Richard Nixon, who served as the 37th President of the United States from 1969 until his resignation in 1974, notable for significant foreign policy initiatives and the Watergate scandal.

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