Generally,if two creditors have perfected security interests in the same collateral,only one of which is a purchase money security interest,which has the superior right (priority),assuming all notice is properly given within the appropriate time periods?

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Quizplus · Accepted Answer

A purchase money security interest (PMSI) generally has priority over a non-PMSI if it's properly perfected within 20 days of the debtor receiving possession of the collateral. Therefore, in this scenario, the creditor with the PMSI would have superior right or priority.

Generally,if Two Creditors Have Perfected Security Interests in the Same