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QUESTION 3 Which of the following is incorrect in regard to priority among creditors: As between two perfected secured creditors, the first to perfect has
QUESTION 3 Which of the following is incorrect in regard to priority among creditors: As between two perfected secured creditors, the first to perfect has priority As between two unperfected secured creditors, the first sue has priority As between a perfected and an unperfected secured creditor, the perfected secured creditor has priority A PMSI holder has priority vs. a perfected secured creditor if the security interest arose before the goods became fixtures, and the fixture filing is filed before the goods became fixtures or within 20 days thereafter 1.25 points Save Answer QUESTION 4 Walt takes out a mortgage with Bank One on August 1. Walt takes out another mortgage with Bank Two on August 5. On the same day, Bank Two records its mortgage. On August 6, Bank One records its mortgage. On November 1, Walt purchases a new water heater from Low's Depot, using his "Platinum Rewards" credit card issued by Americana Bank. Americana Bank files a financing statement on November 2. Among Bank One, Bank Two, and Americana Bank, what is the order of priority here (first to last)? C Americana Bank, Second Bank, First Bank C Americana Bank, First Bank, Second Bank Second Bank, Americana Bank, First Bank Second Bank, First Bank, Americana Bank First Bank, Second Bank, Americana Bank
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