When two conflicting security interests are unperfected, the first to attach has priority.

Name: When two conflicting security interests are unperfected, the first to attach has priority.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is known as the "first in time, first in right" rule, which means that the security interest that attaches or is perfected first has priority over conflicting security interests that are unperfected.

When Two Conflicting Security Interests Are Unperfected, the First to Attach