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Source Solicitation Complete Criminal Law List Showing the closest available flashcard practice.

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0 tracked cards Supplemental - Not MEE July 2026

A supplier sells inventory to a retailer on secured credit. A bank already has a perfected blanket security interest in the retailer's inventory.
What must the supplier generally do to obtain PMSI priority in the inventory?

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The inventory PMSI lender may send notice any time after default. The inventory PMSI lender can never beat an earlier blanket inventory lender. The inventory PMSI lender must be perfected when the debtor receives possession and must send authenticated notification to conflicting inventory secured parties before the debtor receives possession. The inventory PMSI lender must repossess the inventory before selling it to the debtor.

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