Question
I have an oven at my commercial bakery. I took possession of the oven July 10, 2017. Sadly, there's little demand in Kirksville for really
I have an oven at my commercial bakery. I took possession of the oven July 10, 2017. Sadly, there's little demand in Kirksville for really good bagels, and I declare bankruptcy. Which of the following four lenders has priority in the oven?
A. | GiantBank, which loaned me the money to buy the oven on July 1, 2017, which filed a financing statement July 15, 2017 | |
B. | There is not enough information to distinguish between at least two of these. | |
C. | My general inventory lender who holds a security interest in "all debtor's property" executed June 1, 2017, which filed a financing statement July 1, 2017. | |
D. | BigBank, which holds a security interest in the oven that attached July 11, 2017, and filed a financing statement July 12, 2017 |
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