Question
SECURED TRANSACTIONS , ARTICLE 9 , UCC Lender perfects asecurity interest in debtor's equipment by filing.Theequipment is business machines used indebtor's lawfirm.Inviolation ofaprovision inthesecurity agreement,
SECURED TRANSACTIONS , ARTICLE 9 , UCC
Lender perfects asecurity interest in debtor's equipment by filing.Theequipment is business machines used indebtor's lawfirm.Inviolation ofaprovision inthesecurity agreement, debtor sold some of themachines todealer without lender's knowledge or consent.Dealer buys andsells used business machines inquestion to buyer forcash.
Buyerbought machines foruseinbusiness.Neither dealernor buyerknewaboutlender's security interest in the machines.
Query:Whatarelender's rightswithrespect tomachines now in buyer'spossession? Fully support your answer.
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