Good Buy Co. sold consumer electronics. To operate its business, Good Buy borrowed funds from Capital Bank and Business Credit, Inc. Good Buy granted Capital Bank a security interest in “all Apple products,” which attached on May 1. Business Credit’s interest in “all Good Buy’s inventory” attached on May 10. Business Credit perfected the interest by filing a financing statement on May 15. Capital filed a financing statement on May 20. One week later, Alexis bought an iPad from Good Buy. EZ Lending, LLC, loaned Good Buy funds on May 31 for an interest in “all Good Buy’s equipment, whenever acquired.” Before EZ Lending filed a financing statement, Good Buy filed for bankruptcy.

What is the priority to Good Buy’s assets among these security interests? ______________ has first priority.

______________ is second, ______________ is third, and ______________ is last. When a security interest is perfected, it has priority over any ______________ interests.

When two or more creditors have perfected security interests in the same collateral, the interest that was the ______________ to attach has priority. A buyer in the ordinary course of business—any person who in good faith, and without knowledge that a sale is in violation of a security interest, buys in ordinary course from a person in the business of selling goods of that kind—has priority over a ______________ security interest.