In a Dispute Between Two Secured Parties with Unperfected Security

question 44

Multiple Choice

In a dispute between two secured parties with unperfected security interests,which of the following is true?

• A)The party who attached its interest first will prevail.
• B)The party who attached its interest second will prevail.
• C)The parties must divide the proceeds evenly between them.
• D)The party who loaned the most money on the collateral has priority.
• E)The party who loaned the least money on the collateral has priority.

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