Lena Borrows from Mac and Nicol,using the Same Farm Equipment

question 2

Multiple Choice

Lena borrows from Mac and Nicol,using the same farm equipment as collateral for both loans.Only Nicol has a perfected security interest.Lena defaults on both loans.The party with first rights to the collateral is

• A)Lena.
• B)Mac and Nicol,in proportion to Lena's debt to each.
• C)Mac only.
• D)Nicol only.

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Definitions:

Hepatomegaly

An enlargement of the liver beyond its normal size, which can be a sign of various diseases or conditions.

Enlarged Liver

A condition where the liver is larger than normal, often indicating liver disease or inflammation.

Distended Bowel

A condition where the bowel becomes enlarged or swollen due to excess gas, fluid, or other substances.

Hyperthyroidism

a condition characterized by the overproduction of thyroid hormones by the thyroid gland, leading to various systemic symptoms.