Question
Bayside Marina borrows funds from Credit Union secured by Bayside's interest in the marina. If Credit Union fails to perfect its claim to the collateral,
Bayside Marina borrows funds from Credit Union secured by Bayside's interest in the marina. If Credit Union fails to perfect its claim to the collateral, the claim will be reduced to that of
a. a state of local official.
b. a debtor.
c. a secured party.
d. an unsecured creditor.
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Contract Law
Authors: Roger Halson
2nd Edition
1405858788, 978-1405858786
