Question: In a dispute between two secured parties with unperfected security interests, which of the following is true? Multiple Choice The party who attached its interest

In a dispute between two secured parties with unperfected security interests, which of the following is true?

Multiple Choice

  • The party who attached its interest first will prevail.
  • The party who loaned the most money on the collateral has priority.
  • The party who loaned the least money on the collateral has priority.
  • The party who attached its interest second will prevail.
  • The parties must divide the proceeds evenly between them.

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