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Ted owns Linens Inc. which is a supplier of linens and towels to hotels. Ted is about to deliver an order to the Elite Hotel

Ted owns Linens Inc. which is a supplier of linens and towels to hotels. Ted is about to deliver an order to the Elite Hotel Inc. for $35,000 but he has heard rumors that this hotel is in financial trouble and there are even suggestions of possible bankruptcy. Which of the following would be the best for Ted to use to possibly protect himself if Elite does go bankrupt?

A - registering a PMSI

B - registering a lien at the PPSA

C - registering a chattel mortgage at the PPSA

D - registering a general security agreement (GSA)

E - registering as a preferred creditor under The Bankrupcy Act

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