A PMSI in goods, other than livestock or inventory, retains priority over which of the following?

A Purchase Money Security Interest (PMSI) in goods, provided that the goods are not livestock or inventory, retains priority over all other security interests in that collateral. This priority means that if a debtor acquires a security interest for the purpose of purchasing specific goods, and that security interest is properly perfected, it will take precedence over all other interests in those same goods, regardless of whether they are perfected or not.

The rationale behind this rule is to encourage lenders to provide financing for the acquisition of goods. The law grants this priority to PMSIs to ensure that sellers or lenders who permit a buyer to purchase goods through credit can have confidence that their interest will be prioritized above other creditors' interests in cases of default.

In contrast, security interests that are not based on a PMSI or are not perfected do not receive this special priority. The law seeks to create an advantageous environment for transactions involving the purchase of goods by reinforcing the status of PMSIs over general security interests.