Question
SECURED TRANSACTIONS, UCC ARTICLE 9 Paul's Paving Inc. put down concrete paving in Molly Brown's yard. She signed a contract on May 4, giving Paul's
SECURED TRANSACTIONS, UCC ARTICLE 9
Paul's Paving Inc. put down concrete paving in Molly Brown's yard. She signed a contract on May 4, giving Paul's a security interest in all her currently owned jewelry plus whatever she acquired in the future. Paul's Paving properly perfected its security interest. On June 20th, Molly went to Main St. Finance and borrowed $5,000 for the stated purpose of buying an emerald ring. She signed a security agreement with the Finance Company, granting it a security interest in the ring. Main St. Finance did not file a financing statement. Molly bought the ring on July 10. She filed for bankruptcy on July 12. Who gets the ring? Support your answer.
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