A Perfected Purchase Money Security Interest in a Manufacturer's Stock

question 81

Multiple Choice

A perfected purchase money security interest in a manufacturer's stock has priority over a conflicting security interest in the same stock if the notification states that the person expects to acquire a purchase money security interest in stock of the debtor and describes the stock.Which of the following priority rules does this statement correspond to?

• A)PMSI in noninventory collateral
• B)PMSI in inventory collateral
• C)Buyer in the ordinary course of business
• D)Artisan's and mechanic's lien

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Definitions:

Fingernail Avulsion

The complete or partial tearing away of a nail from its nail bed, often due to trauma.

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Fluid-filled pockets that form on the skin's surface, often as a result of friction, burns, or other injuries.

Ragged Wound

A cut or tear that has irregular, jagged edges, often caused by a blunt trauma or an object tearing the skin forcefully.

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