According to the general rule of the first-in-time maxim of equity, interests take effect:
Under the general first-in-time rule, competing interests take effect according to the order in which they were created, not according to their monetary value, a court's…
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According to the general rule of the first-in-time maxim of equity, interests take effect:
Answer and explanation
Correct answer B
Under the general first-in-time rule, competing interests take effect according to the order in which they were created, not according to their monetary value, a court's discretion, or the age of the parties.