Question
Francine must purchase $1,500 of coffee for her coffee cart business. Kevin agrees to loan Francine the money she need, but requires her cart as
Francine must purchase $1,500 of coffee for her coffee cart business. Kevin agrees to loan Francine the money she need, but requires her cart as collateral. Both agree in writing and sign. Francine, though, uses the cart.
- Does Kevin have a security interest?
- Describe the best practice for Kevin to inform others he has an interest in the cart?
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Tort Law Text Cases And Materials
Authors: Jenny Steele
5th Edition
0198853912, 978-0198853916
