If there are two unperfected security interests in the same goods, the first to attach has priority.

Name: If there are two unperfected security interests in the same goods, the first to attach has priority.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This concept is known as the "first in time, first in right" rule, which means that the security interest that is attached first will have priority over any subsequent security interests in the same collateral.

If There Are Two Unperfected Security Interests in the Same