When there are two competing security interests over the same piece of personal property, which of the following statements regarding priority is accurate?
◻ 1. Whereboth claims are unperfected, the first to attach has priority.
◻ 2. Where an unperfected security interest is registered before a perfected security interest, the perfected security interest has priority.
◻ 3. If both secured interests have been perfected by registration, the first to register has priority.
◻ 4. If a PMSI interest is registered later in time than a perfected security interest, the PMSI still has priority.
◻ 5. All of the above.
◻ 6. 1,2 and 4 above, but not 3 .