A Perfected Security Interest Will Always Have Priority Over an Unper?fected

question 47

True/False

A perfected security interest will always have priority over an unper?fected security interest in the same collateral.

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Definitions:

Real Property

Land and anything permanently affixed to it, such as buildings and improvements; distinguished from personal property.

Fair Housing Act

The Fair Housing Act is a federal law that prohibits discrimination in the buying, selling, renting, or financing of housing based on race, religion, national origin, sex, disability, or familial status.

Civil Rights Act

The Civil Rights Act is landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Transfer Title

The process of legally transferring ownership of property from one party to another.