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help please Tim is the secured party in a transaction with Phil, who is the debtor. The collateral is a 2007 Chevrolet F150 pick-up truck.
help please
Tim is the secured party in a transaction with Phil, who is the debtor. The collateral is a 2007 Chevrolet F150 pick-up truck. Tim files a financing statement in which he describes the collateral as "a vehicle." To perfect Tim's interest this desription: A. is likely insufficient. B. none of the answer choices is correct. C. sufficient as long as it is signed by the debtor. D. sufficient. E. sufficient if it includes the location of the collateral. Credit Financing, Inc., and Equity Lending Company are secured parties with security interests in property owned by Fleet Shipping Corporation. Priority between these security interests is generally determined by A. who perfects their security interest first. B. the "float" of the liens. C. the amount of the secured debt because the largest debt has priority. D. the custom in the trade or industry. E. none of the answer choices is correct Step by Step Solution
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