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SECURED TRANSACTIONS, UCC ARTICLE 9 Paula was a professional singer to whom DNB loaned $10,000 so she could buy a guitar for her road performance.
SECURED TRANSACTIONS, UCC ARTICLE 9
Paula was a professional singer to whom DNB loaned $10,000 so she could buy a guitar for her road performance. On May 2, Paula purchased the guitar and on May 10, DNB properly filed a financing statement. However, in the interim, on May 8, Paula sold the guitar to Used Guitar Heaven, which bought the guitar with no knowledge of DNB's interest. Who has the superior claim? Fully support.
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