Under UCC Article 9, what is the 'first-to-file-or-perfect' rule?
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A
Priority goes to the secured party who first physically possesses the collateral
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B
Priority goes to the secured party who first files a financing statement or first perfects, whichever is earlier
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C
Priority goes to the lender who first extends credit to the debtor
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D
Priority goes to the creditor with the highest dollar claim