A perfected security interest in fixtures has priority over the conflicting interest of an encumbrancer or owner of the real property:
A) only if the debtor is in possession of the real property.
B) if the security interest is a purchase money security interest.
C) if the interest of the encumbrancer arose after the goods became fixtures.
D) if the fixtures' security interest is perfected by a "fixtures filing" anytime after the goods became fixtures.

Question

Quizplus · Accepted Answer

A perfected security interest in fixtures has priority over the conflicting interest of an encumbrancer or owner of the real property if (1) the debtor has an interest of record in the real property or is in possession of it, (2) the security interest is a purchase money security interest, (3) the interest of the encumbrancer arose before the goods became fixtures, and (4) the fixtures security interest is perfected by a fixtures filing either before the goods became fixtures or within 20 days after the goods became fixtures.

A Perfected Security Interest in Fixtures Has Priority Over the Conflicting