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Only One Creditor Can Have a Perfected Security Interest in Specific

Question 54
True False

Only one creditor can have a perfected security interest in specific collateral at any given time.

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Q 55
A purchase money security interest takes priority over perfected security interests in after-acquired property,even if the perfected interest predates the purchase money security interest.
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A perfected security interest will take priority over an unperfected security interest,regardless of when the perfected interest attached.
Q 57
A mechanic's lien will take priority over a perfected lien that predates the creating of the mechanic's lien.
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