Mark Filed a Financing Statement on Daniel's Collateral on March

question 31

Multiple Choice

Mark filed a financing statement on Daniel's collateral on March 2.However,attachment of this interest did not occur until March 4.Meanwhile,Charles,who had attached a security interest on the same collateral on March 1,filed a financing statement on March 3.Which interest has priority and why?

• A) Mark's interest has priority because he filed the security before Charles did.
• B) Charles' interest has priority because he attached the security first.
• C) Mark's interest has priority because his attaching was the latest.
• D) Charles' interest has priority because his filing was the latest.

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