Question

Under the UCC Secured Transactions Article, what is the order of priority for the following security interests in store equipment?

I. Security interest that was protected by filing on April 15, 1994
II. Security interest that attached on April 1, 1994
III. Purchase money security interest that attached April 11, 1994 and was perfected by filing on April 20, 1994

A. I, II, III.
B. II, I, III.
C. III, I, II.
D. III, II, I.

Answer 1

C. III, I, II.

Step-by-step explanation:

The correct order is:

1. Purchase money security interest that attached April 11, 1994 and was perfected by filing on April 20, 1994

2. Security interest that was protected by filing on April 15, 1994

3. Security interest that attached on April 1, 1994