Georgia Secured Transactions Practice Test

The general rule regarding the priority of accessions is that previous rules of priority apply to accessions. Accessions refer to goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. In the context of secured transactions, it is important to determine how security interests in accessions are treated relative to other security interests.

When determining the priority of claims in a security interest, such as in the case of buyers or creditors, the UCC (Uniform Commercial Code) provides a framework that helps establish whose claim takes precedence. Previous rules regarding priority—such as those governing original goods—apply to accessions as well. This means that if two parties have claims over the same accession, you would look to the original goods and their respective security interests to determine which claim has priority.

Understanding this rule is crucial for parties involved in secured transactions, as it helps them navigate how their interests will be treated in the event of a conflict over rights to an accession.