1. You are the attorney for Last Lender. Able Company wants to borrow from Lender. Able has the following assets: building, trade fixtures, accounts receivable, equipment and inventory. (a) Indicate what must be done to fully protect your client. (b) What happens if you do that and the borrower defaults? (c) What if other parties have claims against the borrower's property; who wins? (d) How does a buyer in the ordinary course of business affect your client?