Real Estate Sales Corporation (RESC) orders office equipment from Standard Goods, Inc., which has an unperfected security interest in the equipment until it is paid for. Meanwhile, RESC takes out a loan from Trend Credit, Inc., subject to a security interest in RESC’s building and equip¬ment, which Trend perfects. RESC files a petition in bankruptcy for relief in a liquidation proceeding. If the petition is granted, in what or¬der will RESC’s creditors be paid
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