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James bought a Mercedes from a car dealer with funds he borrowed from JP Morgan Chase Bank.Chase perfected a security interest in the car.James a
James bought a Mercedes from a car dealer with funds he borrowed from JP Morgan Chase Bank.Chase perfected a security interest in the car.James a few months later, forged a release of lien (the debt) and obtained a certified copy of the title. In reliance on that copy (certified copy of the title), Motor Cars, Inc. bought the car and sold it to Valerie, who paid with a loan from US Bank.The bank filed a financing statement to perfect its security interest.Later James's forgery was discovered.Who has priority (right to the car?) Why?
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