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The loan officer at Octopus National Bank has sent you, the bank's attorney, an e-mail with the following question. The bank is planning to make

The loan officer at Octopus National Bank has sent you, the bank's attorney, an e-mail with the following question. The bank is planning to make a loan to Luddite Technology, Inc., and wants to take a security interest in all of the equipment of the debtor. However, Luddite's most important piece of equipment is the very expensive Abacus-12, which designs computer hardware. Should the security agreement be drafted to say that the debtor grants a security interest in "the Abacus-12 plus all other equipment," "all equipment, particularly the Abacus-12," or simply "all equipment"? Or do you have a better phraseology

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