Which of the following is NOT a requirement for PMSI super-priority in inventory?

The concept of Purchase Money Security Interest (PMSI) super-priority in inventory involves specific requirements to achieve a higher claim in the event of a debtor's bankruptcy or default. For a PMSI to have super-priority status, the secured party must meet certain criteria under the UCC, particularly Section 9-324.

The requirement concerning the discharge of the debtor's previous debts is not a criterion for achieving PMSI super-priority status in inventory. The focus of PMSI is on the nature of the transaction and the timing of the security interest. Specifically, a PMSI arises when a lender provides credit to a debtor specifically for acquiring an asset, allowing the lender to have a super-priority claim over the collateral provided certain conditions are met.

Key requirements include perfecting the PMSI before the inventory is delivered, notifying other secured creditors of the PMSI, and ensuring that the collateral is in the possession of the debtor. By doing these, the secured party establishes a priority claim over other creditors who may have a security interest in the same inventory.

Thus, while discharging the debtor's previous debts may be beneficial in many contexts, it is not relevant for the determination of the PMSI super-priority in the context of inventory.