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Eddie's Appliance Store sells to Andy an oven for $900 payable in monthly installments of $50 for eighteen months. Andy signs a security agreement granting
Eddie's Appliance Store sells to Andy an oven for $900 payable in monthly installments of $50 for eighteen months. Andy signs a security agreement granting Eddie's Appliance Store a security interest in the oven. Andy then puts the oven in his home's kitchen for his family to use. Eddie's Electronics does not file a financing statement to perfect its interest in Andy's oven. After Andy and his family have used the oven for six month and made payments during this time period, they decide to move to a new home and sell their oven to their neighbor, Clay, for him and his family to use in their home's kitchen. What are the rights of Eddie's Appliance Store immediately following Andy selling the oven to Clay? O A. Eddie's Appliance Store continues to have a security interest in the oven. O B.Eddie's Appliance Store lost all rights when Andy sold the oven to Clay. O C. Eddie's Electronics Store no longer has a security interest in the oven but does have a security interest in the money Andy received from selling the oven to Clay. O D. Eddie's has the legal right to set aside the sale between Andy and Clay
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