Expert Capital Company and First National Bank are secured parties with security interests in property owned by Grande Corpora?tion. Between these security interests, the first to be filed or perfected has prior?ity over other filed or per?fected security interests in

Question

Quizplus · Accepted Answer

The general rule under Article 9 of the UCC is that the first to file or perfect a security interest has priority over subsequent security interests. Therefore, in most circumstances, Expert Capital Company and First National Bank's priority will depend on which security interest was filed or perfected first.

Expert Capital Company and First National Bank Are Secured Parties