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SECURED TRANSACTIONS , ARTICLE 9 ,UCC Sullivan Bank (SB) finances Cathy's acquisition of a new$50,000 machineand takes a security interest on the machine.The machine isdelivered

SECURED TRANSACTIONS , ARTICLE 9 ,UCC

Sullivan Bank ("SB") finances Cathy's acquisition of a new$50,000 machineand takes a security interest on the machine.The machine isdelivered on November 5.SB filed its financing statement on November 6thSB gave no notice to Friendly Finance.Friendly Finance had previously perfected asecurity interest in Cathy's existing and after acquired equipment by filing a financing statement.

DoesSBneverthelesshavepriorityoverFriendlyFinance?Fullysupportyouranswer.

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