A retailer of consumer goods who relies on attachment of a security interest to perfect its security interest does not prevail over other creditors of the debtor-buyer.

Question

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A retailer of consumer goods who relies on attachment of a security interest to perfect its security interest generally has priority over unsecured creditors but may not necessarily prevail over other secured creditors or parties with higher priority interests such as a purchase money security interest holder, a holder of a previously filed financing statement, or a judicial lien creditor.

A Retailer of Consumer Goods Who Relies on Attachment of a Security