(Solved): When there are two competing security interests over the same piece of personal property, which of t ...

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 .