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In this scenario, who would have the highest priority over the boat under the default rules of the Personal Property Securities Act 2009 (Cth)? Assume

In this scenario, who would have the highest priority over the boat under the default rules of the Personal Property Securities Act 2009 (Cth)? Assume no special/specific rules apply. A company borrows money from Alex on 1 January, securing the loan with the company's boat as collateral. The security interest is registered on 5 April. The same company borrows money from Bob on 2 February, also securing the loan with the company's boat as collateral. The same company borrows money from Clare on 3 March, also securing the loan with the company's boat as collateral. The security interest is registered on 4 April. Question 29Select one: a. Bob b. Clare c. Alex

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