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QUESTION 2 On March 15, 2020, Nichols Corporation, an garden implement dealer, was petitioned into involuntary bankruptcy under the liquidation provisions of Chapter 7 of

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QUESTION 2 On March 15, 2020, Nichols Corporation, an garden implement dealer, was petitioned into involuntary bankruptcy under the liquidation provisions of Chapter 7 of the Federal Bankruptcy Code. The following occurred before the bankruptcy petition was filed: On February 2, 2018, Nichols Corporation executed a security agreement and UCC financing statement to John Deere to secure the inventory that John Deere had sold them in December 2016. Please indicate with Yor N(Yes or No) if the transaction would be set aside by the bankruptcy trustee. Yes No

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