Question: 8) A purchase money security interest (a) will be automatically subordinate to any general security agreement, even if registered within the specified time period. (b)
8) A purchase money security interest (a) will be automatically subordinate to any general security agreement, even if registered within the specified time period. (b) will prevail over a general security agreement covering all of a merchant's assets if it is registered within the specified time period. (c) is also known as a floating charge. (d) is now obsolete in light of the Personal Property Security A
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