** There are two questions, write a 250 word response for each.
Discussion Question 1: Discuss the general rules of priority when more than one security
interest is tied to the same collateral, giving examples in your discussion.
Discussion Question 2: Explain the concept of “Purchase Money Security Interest.” Discuss
specifically a PMSI in “Inventory” and a PMSI in “Other Collateral,” and when each type of
PMSI may take priority over a previously perfected security interest. Give an example of