Bar Exam Uniform Quiz
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In a jurisdiction with a race-notice recording statute, a landowner executed a mortgage in favor of Bank A on February 1. On March 1, the same landowner executed a second mortgage on the same property in favor of Bank B. Bank B had no actual knowledge of the mortgage to Bank A. On March 15, Bank B recorded its mortgage. On March 20, Bank A recorded its mortgage. The landowner has now defaulted on both loans.
Which bank's mortgage has priority? Select one.
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