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Q: Kris borrows from Lender Inc. and Mortgage Company, using the same collateral for both loans. Only Mortgage Company has a perfected security interest. Kris

Q: Kris borrows from Lender Inc. and Mortgage Company, using the same collateral for both loans. Only Mortgage Company has a perfected security interest. Kris defaults on both loans. The party with first rights to the collateral is

Group of answer choices

a.Kris.

b.none of the choices.

c.Lender Inc.

d.Mortgage Company.

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