When Two Parties Have Perfected Security Interests in the Same

question 1

True/False

When two parties have perfected security interests in the same collat?eral,neither party has priority.

---

Definitions:

Subcontrary

In traditional logic, a relationship between two statements where both can be true but both cannot be false.

Space Cowboy

A colloquial, imaginative term often used to describe someone who explores or navigates the domain of outer space in a freewheeling, adventurous manner, popularized by science fiction and music.

Proposition

In logic, a statement or assertion that expresses a judgment or opinion which can be either true or false.

Singular Proposition

A statement or assertion that refers to a specific individual, place, thing, or event.