Explain creditor''s security interest attached

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Reference no: EM13101915

If one party's security interest attached in March however hasn't been perfected and another creditor's security interest attached and perfected in April which of the following is true as of the following December?
The security interests have equal priority.
The security interest that attached in March has priority.
The security interest that attached in March has priority however only if it became perfected prior to the other creditor bringing an action on the collateral.
The security interest that was finalised in April has priority

Reference no: EM13101915

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