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Sue enters into an agreement with Joe for taking loan to buy a motor vehicle. She agrees to provide her diamond necklace as collateral for
Sue enters into an agreement with Joe for taking loan to buy a motor vehicle. She agrees to provide her diamond necklace as collateral for the loan. However, the security agreement is not authenticated. Sue defaults in payment. Joe sues. Will he succeed? A. Yes because, Joe has control over the necklace. B. No because, Joe owns the necklace. C. Yes because, authentication of the agreement was done. D. No because, Joe should have sold the necklace.
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