Question
(law question). Fred Maxson owned Canadian Equipment Company. To operate the business, Maxson borrowed funds from Cross Town Bank & Trust. For each loan, Cross
(law question). Fred Maxson owned Canadian Equipment Company. To operate the business, Maxson borrowed funds from Cross Town Bank & Trust. For each loan, Cross Town filed a financing statement that included Maxsons signature and address, the banks name and address, and a description of the collateral. The first loan covered all of Maxsons equipment, including any after-acquired property. The second loan covered a truck crane whether owned now or acquired later. The third loan covered a Bobcat mini-excavator. Did these financing statements perfect Cross Towns security interests? Explain.
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