The last security interest to be perfected is the first in priority over any other perfected security interests.

Name: The last security interest to be perfected is the first in priority over any other perfected security interests.
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Question

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In general, the priority of security interests is determined by the order in which they are perfected; the first security interest to be perfected typically has priority over those perfected later.

The Last Security Interest to Be Perfected Is the First