Question
NEED HELP. Business Law is frying my brain and my teacher asked to look over this question as well. Please help! Suppose Sza-Sza manufactures fur
NEED HELP. Business Law is frying my brain and my teacher asked to look over this question as well. Please help!
Suppose Sza-Sza manufactures fur coats. On February 1, Rachael advances her $10,000 under a security agreement covering all Sza-Sza's machinery and containing an after-acquired property clause. Rachael files a financing statement that same day. On March 1, Sza-Sza buys a new machine from Elise for $5,000 and gives her a security interest in the machine; Elise files a financing statement within twenty days of the time that the machine is delivered to Sza-Sza.
Who has priority if Sza-Sza defaults on her loan payments?
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