The general order of priorities among creditors and buyers, from those who take first to those who
Question:
The general order of priorities among creditors and buyers, from those who take first to those who are last in line, is as follows:
a. buyers in the ordinary course of business, perfected purchase money security interests, lien creditors, perfected security interests, unperfected security interests, and general creditors.
b. buyers in the ordinary course of business, perfected purchase money security interests, perfected security interests, lien creditors, unperfected security interests, and general creditors.
c. general creditors, perfected purchase money security interests, lien creditors, perfected security interests, unperfected security interests, and buyers in the ordinary course of business.
d. perfected purchase money security interests, lien creditors, perfected security interests, buyers in the ordinary course of business, unperfected security interests, and general creditors
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton