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Do you agree that purchase money security interests should have priority over other creditors who have...

Do you agree that purchase money security interests should have priority over other creditors who have filed to perfect their security interests? Why or why not?

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Answer #1

Yes, i agree that purchase money security interest should have priority over other creditors who have filed to perfect their security interests because it provide first priority to lender to get back its money in case borrower default. It give legal right to lender to sell the property of lender and get back his money in case borrower default.

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