Expert Q&A Done Business law ch37-39 P819 8283 P846 83 eral is not always easy. Classify the following collateral: a Burns Rentals leases and sells TV sets and cars obtains financing from City Bank, to buy twenty-tive cars and one him to buy twenty-five cars and one hunchaoling TV sets b Burns has fifty cars on his lot for lease. . Buns sells a truck to Boyce and retains a security interest in the truck. Boyce uses the truck exclu sively for weekend camping and fishing trips agreement to City Bank as collateral for a loan. Burns Rentals buys three hundred new Philco TV sets for his annual summer sale. Classify the TV sets in the hands of Philco; in Burns's possession. Virgil owner of Virgil's Truck City and Bar buys a TV set during the sale. The set is delivered to Virgil in its original carton and put in the back of his sixteen- wheeler. What type of goods did Virgil buy? e. t. When Philco sells TV sets to Burns, it packages them in special shipping cartons, using packaging materials such as Styrofoam and excelsior. Philco maintains a large supply of these materials 9 Buns has a large supply of diesel fuel and oil for his fleet of trucks 2 Mary took her car to the local Chevroles service and necessary repairs. Alter the dealer the desired work, Mary paid the bill in med dealer refused to relinquish possession of her car since the had not paid for repairs previously made on the Mary ame car. Does the dealer have a lien on her car so annot regain possession of it? Why or why not? y Mary . Plaintift, known as 660 Syndicate, owned an air- plane that had been leased to Wyoming Airlines. The Wyoming Airlines had Rocky Mountain Turbines (R.M.T) ervice and repair the airplane. Although it had not been paid, R.M.T. returned the airplane to Wyoming Airines. After it could not collect the money it was owed, R.M.T. reacquired possession of the repaired rplane. RM.T. planned to enforce its lien by selling the irplane. Plaintiff filed suit claiming that it was entitled lo possession of the airplane. Plaintiff argued that RM.T's lien was unenforceable. Was R.M.T.'s lien on the plane made valid by the subsequent acquiston plane? Explain