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GreenSpark Technologies, Inc., a Philippine corporation, borrows funds from two lenders to finance the purchase of industrial robots. Lender X perfects its security interest in all present and after-acquired robots and related equipment of GreenSpark Technologies, Inc. by registration in the Philippine Security Interest Registry (PSIR) on February 3, naming the debtor as “GreenSpark Technologies, Inc.” Lender Y files its security interest on February 22 naming the debtor as “GreenSpark Technologies, Corp.” and describing the same collateral: “all present and after-acquired robots and equipment.” The corporation subsequently defaults. (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 X and Lender Y, and why? Explain how the misnaming in (b) may affect priority.