QuestionJuly 20, 2025

Multiple Choice Question A(n) __ prevails over a retailer of consumer goods who uses the attachment of a security interest to perfect the goods. mechanic lien PMSI bona fide purchaser fixture financing statement

Multiple Choice Question A(n) __ prevails over a retailer of consumer goods who uses the attachment of a security interest to perfect the goods. mechanic lien PMSI bona fide purchaser fixture financing statement
Multiple Choice Question
A(n) __ prevails over a retailer of consumer goods who uses the attachment of a security interest to perfect the goods.
mechanic lien
PMSI
bona fide purchaser
fixture financing statement

Solution
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Answer

PMSI Explanation A Purchase Money Security Interest (PMSI) allows a lender to claim priority over other creditors when the loan is used to purchase goods. This means that if a retailer uses PMSI, it prevails in securing their interest in the goods.

Explanation

A Purchase Money Security Interest (PMSI) allows a lender to claim priority over other creditors when the loan is used to purchase goods. This means that if a retailer uses PMSI, it prevails in securing their interest in the goods.<br /><br />
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