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NovaTech Manufacturing, Inc., a Philippine corporation, borrows funds from Lender A and Lender B to finance equipment purchases. Lender A perfects its security interest in all present and after-acquired equipment and inventory of NovaTech Manufacturing, Inc. by registration in the Philippine Security Interest Registry on January 6, naming the debtor as “NovaTech Manufacturing, Inc.” Lender B files its own security interest on January 25, naming the debtor as “NovaTech Manufacturing, Corp.” (a misnomer) and describing the same collateral: “all present and after-acquired equipment and inventory.” NovaTech subsequently defaults on both loans. (a) Identify the governing doctrine and essential elements for perfection by registration under RA 11057. (b) Evaluate whether each registration complies with requirements for debtor identification and collateral description; would either registration be defective, and what is the consequence for perfection? (c) Who has priority between Lender A and Lender B, and why? Explain how the misnaming in (b) may affect priority.