Question: If two parties provide a loan based on the same collateral, the party with the secured interest will have priority in repossessing the collateral over

If two parties provide a loan based on the same collateral, the party with the secured interest will have priority in repossessing the collateral over the party with the unsecured interest. This priority to the collateral does not depend on the perfection of a secured interest. Rather, the priority depends on the Blank

______

of the secured interest.

Multiple choice question.

attachment

accord and satisfaction

ratification

affirmation

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