Question
1.Morris, a consumer, made two purchases. He purchased his neighbor Connies printer and he purchased a computer from Crazy Computer Company. Regarding the printer, Connie
1.Morris, a consumer, made two purchases. He purchased his neighbor Connies printer and he purchased a computer from Crazy Computer Company. Regarding the printer, Connie had bought it on credit from Jacks Company. Connie had financed the purchase with Jacks and signed a promissory note and a security agreement covering the purchase. The creditor, Jacks, did not file a financing statement, relying on the concept of the automatic perfection for purchase money security interests in consumer goods. Morris was unaware of the history of the printer. The computer that Morris bought from Crazy Computer was subject to a security interest in favor of Commerce Bank, which had perfected its security interest by filing. Morris did know of this security interest when he purchased the computer. Unfortunately, neither Connie nor Crazy Computer paid the secured creditors who now seek to repossess the collateral from Morris. What will be the outcome of the case of Jacks Company against Morris for repossession? What will be the outcome of the case of Crazy Computer Company against Morris for repossession? Be sure your answer includes your legal reasoning for your answers.
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