Property Ownership
The principle of 'first in time, first in right' in New York recording law means:
AThe first person to sign a contract has superior rights
BAmong competing claimants, the one who records first generally has priority✓ Correct
CThe oldest deed on record always wins
DThe seller's rights are always superior to the buyer's
Explanation
New York's recording act follows the 'race-notice' principle, meaning that a subsequent purchaser who takes without notice of prior interests AND records first generally has priority over earlier unrecorded interests.
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