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SECURED TRANSACTIONS , ARTICLE 9 ,UCC Sullivan Bank (SB) finances Cathy's acquisition of a new$50,000 machineand takes a security interest on the machine.The machine isdelivered

SECURED TRANSACTIONS , ARTICLE 9 ,UCC

Sullivan Bank ("SB") finances Cathy's acquisition of a new$50,000 machineand takes a security interest on the machine.The machine isdelivered on November 5.SB filed its financing statement on November 6^thSB gave no notice to Friendly Finance.Friendly Finance had previously perfected asecurity interest in Cathy's existing and after acquired equipment by filing a financing statement.

DoesSBneverthelesshavepriorityoverFriendlyFinance?Fullysupportyouranswer.

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