Question: What is the first - in - time rule? When two conflicting security interests are unperfected, the first to arbitrate the dispute has priority. When

What is the "first-in-time" rule?
When two conflicting security interests are unperfected, the first to arbitrate the dispute has priority.
When two conflicting security interests are unperfected, the first to obtain a court judgment has priority.
When two conflicting security interests are unperfected, the first to attach has priority.
When two conflicting security interests are unperfected, the first to obtain a lien has priority.
What is the "first-in-time" rule? When two conflicting security interests are

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