Which of the Following Is True of the Priority of Claims

question 41

Multiple Choice

Which of the following is true of the priority of claims?

• A) If two or more secured parties claim an interest in the same collateral but only one has perfected his or her security interest, the perfected security interest has priority.
• B) Although one of the parties to claim an interest in the collateral has perfected his or her security interest, all the parties are given fair and equal priority.
• C) If two or more secured parties claim an interest in the same collateral but neither has a perfected claim, they are given equal priority irrespective of attachments.
• D) If two or more secured parties claim an interest in the same collateral but neither has a perfected claim, the first to claim has priority.

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Definitions:

Stage of Change

A concept within models of behavioral change that describes the levels of readiness and motivation a person has towards modifying problem behaviors.

Therapy Continuers

Individuals who choose to persist with therapeutic interventions over time, often aiming for deeper personal growth beyond initial treatment goals.

Transtheoretical Therapist

A therapist who utilizes the Transtheoretical Model of Behavior Change to help clients progress through stages of change at their own pace.

Maladaptive Cognitions

Thoughts or patterns of thinking that are counter-productive and can lead to negative outcomes or mental health issues.