The first security interest to be perfected is the last in priority over any other perfected security interests.

Name: The first security interest to be perfected is the last in priority over any other perfected security interests.
Brand: Quizplus
Rating: 4.8 (29 reviews)

Question

The first security interest to be perfected is the last in priority over any other perfected security interests.​

Quizplus · Accepted Answer

The first security interest to be perfected has priority over all later perfected security interests. This concept is known as "first-in-time, first-in-right."

The First Security Interest to Be Perfected Is the Last