Which of the following is NOT included in the rules of priority established by Article 9?
A) A creditor with a perfected security interest has superior rights in the collateral over a creditor with an unperfected security interest
B) Conflicting perfected security interests rank according to priority in time of filing or perfection
C) As long as conflicting security interests are unperfected,the first to attach has priority
D) Security interests are ranked in order by date of obligation (oldest debts have first priority. )

Question

Quizplus · Accepted Answer

Article 9 does not establish a rule of priority based on the date of obligation. Instead, conflicting perfected security interests are ranked by priority in time of filing or perfection.

Which of the Following Is NOT Included in the Rules