What must a PMSI creditor do before the delivery of inventory to obtain super-priority?

Prepare for the Barbri Secured Transactions Test with flashcards and multiple-choice questions. Each question includes insights and explanations to optimize your exam readiness!

To achieve super-priority status for a purchase money security interest (PMSI) in inventory, the PMSI creditor must perfect their security interest and notify other creditors. Perfection typically involves filing a financing statement in accordance with UCC requirements. This establishes the PMSI creditor's claim over the property prior to the interests of other creditors.

Notifying other creditors is crucial because it provides those creditors with information regarding the PMSI and ensures that they are aware of the PMSI creditor's interest in the inventory. This notice enables other creditors to understand the priority structure regarding the assets, which is vital in cases of default or bankruptcy.

The other options do not align with the requirements for obtaining super-priority for a PMSI in inventory. Waiting for the debtor's consent is not a necessary step in this process, nor is it appropriate to seek a court order before the delivery of inventory. Collecting accounts related to the inventory, while a function of managing receivables, does not relate to the perfection or priority status of a PMSI in the inventory itself.

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