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Luxury Events is a wedding reception venue positioned on the banks of the Hawkesbury River with large lawns sloping down from the main event centre

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Luxury Events is a wedding reception venue positioned on the banks of the Hawkesbury River with large lawns sloping down from the main event centre towards a gazebo and the river. Luxury Events rented a ride-on mower for three years from a local farmer. Should the farmer register a security interest? Q Yes, as it is a PPS lease. 0 No, it is not required. Q Yes, as it is an in substance security interest. 0 Yes, as it is a PMSI

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