Which of the following is correct regarding priority in a dispute involving a purchase-money security interest in business goods other than inventory?

a) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 20 days of the debtor's possession of the collateral.

b) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 30 days of the debtor's possession of the collateral.

c) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 40 days of the debtor's possession of the collateral.

d) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 45 days of the debtor's possession of the collateral.

e) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 60 days of the debtor's possession of the collateral.

Question

09-06-2024
Business

Answered

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Which of the following is correct regarding priority in a dispute involving a purchase-money security interest in business goods other than inventory?

a) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 20 days of the debtor's possession of the collateral.

b) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 30 days of the debtor's possession of the collateral.

c) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 40 days of the debtor's possession of the collateral.

d) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 45 days of the debtor's possession of the collateral.

e) The purchase-money security interest has priority over any other secured perfected interests if the purchase-money security interest is perfected within 60 days of the debtor's possession of the collateral.

Sagot :

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