The basic priority rule for competing security interests is that the first secured party to attach wins.

Name: The basic priority rule for competing security interests is that the first secured party to attach wins.
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The basic rule established by the Code is that when more than one security interest in the same collateral has been filed (or otherwise perfected),the first security interest to be filed (or perfected)has priority over any that is filed (or perfected)later [UCC 9-322(a) (1)].

The Basic Priority Rule for Competing Security Interests Is That