QUESTION 5 When two creditors have a security interest in the same collateral, which party takes priority? a. A party with an imperfected interest O b. The first perfected party to suc Oc. The first unperfected party to attach d. A party with a perfected interest QUESTION 6 Jolin hired Tim to sell his house. Which statement is correct? O a. Tim, but not John. can terminate the agency relationship b. John is Tim's principal c. Tim is John's principal. d. John, but not Tim, can terminate the agency relationship QUESTION 7 For the purposes of the statute of frauds, an interest in land includes a. a long-term lease on an apartinent. b. a real estate mortgage. C. an casement Od. All of the above