In a dispute between two secured parties with unperfected security interests,which of the following is true?

A) The party who attached its interest first will prevail.
B) The party who attached its interest second will prevail.
C) The parties must divide the proceeds evenly between them.
D) The party who loaned the most money on the collateral has priority.
E) The party who loaned the least money on the collateral has priority.

Unperfected Security Interests

A claim or lien on a debtor's property that has not met the legal requirements for enforceability against other creditors or in bankruptcy.

Secured Parties

Creditors that hold an interest in a debtor's collateral as security for the repayment of a loan or obligation.

Collateral

Collateral that a borrower offers to a lender to secure a loan or credit, which the lender can take possession of if the borrower fails to meet the repayment terms.