Dembo Inc, borrows $50.000 from Equity Financing in a secured transaction using Dembo's equipment as collateral. Dembo then borrows $70,000 from First Financing, using the same equipment as collateral. Neither Equity nor First perfect its security interest. When Dembo defaults, who has priority? Select one Equity, because its interest was the first to attach, b First, because its interest attached last Equity, because it loaned Dembo less money Od First, because it loaned Dembo more money. Caleb is driving a car in which Dona is a passenger when an accident occurs. Caleb and Dona are emotionally rattled, but neither is physically hurt. Which of the following is true? Select one a. Caleb is not liable to Dona on a negligence claim because Donna is not injured. b. Caleb is liable to Donna on a negligence claim because he was driving the car. Oc Caleb is liable to Donna on a strict liability claim. d Caleb is not liable to Donna on a negligence claim because Donna failed to exercise due care Marnee sews and sells decorative quilts at local art fairs. All her profits are invested in her personal account and she pays the taxes. Mamee understands that she would be personally liable if she issued. Marnee's business is most likely a Select one a. Limited partnership b. Publicly traded corporation Private corporation d sole proprietorship