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In the Case Citizens Bank of Americus V

Question 17

Multiple Choice
In the case Citizens Bank of Americus v.Federal Financial Services,Inc.the court ruled that:

In the case Citizens Bank of Americus v.Federal Financial Services,Inc.the court ruled that:


A) Federal Financial had a perfected security interest which took priority.
B) Citizens Bank's security interest took priority as Federal Financial's interest had not been perfected.
C) Federal Financial's interest was a valid PMSI and took priority.
D) PMSIs may never take priority over earlier perfected interests.

Correct Answer:

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