Benson purchased a new Ford Thunderbird automobile. She traded in her old car and used the Magnavox

Question:

Benson purchased a new Ford Thunderbird automobile. She traded in her old car and used the Magnavox Employees Credit Union to finance the balance. The credit union took a security interest in the Ford. Subsequently, the Ford was involved in a number of accidents and was taken to a for repairs. Benson was unable to pay for the work done. The claimed a lien on the car for services and materials furnished. The Magnavox Employees Credit Union claimed priority. Which claim had priority? [Magnavox Employees Credit Union v Benson, 331 NE2d 46 (Ind App)]

Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...