Question
The following parties have security interests in my power washer, a product I use for household purposes which I bought July 1. Who has priority?
The following parties have security interests in my power washer, a product I use for household purposes which I bought July 1. Who has priority?
A. | A creditor who loaned me money to improve my house on June 1, taking a security interest in debtors consumer goods and after-acquired consumer goods and filed a financing statement June 15 | |
B. | A creditor who loaned me money to give to students having a hard time reselling a textbook, taking a security interest in all debtors property on June 15, and filed a financing statement the same day | |
C. | A bank which lent me the money to buy the power washer on July 1, which did not file a financing statement | |
D. | A creditor who loaned me money to improve my yard on July 1, taking a security interest in debtors consumer goods and after-acquired consumer goods and filed a financing statement June 1 |
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