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This is a graded discussion: 5 points possible due - Secured Transaction - Discussion B 3 3 Kim Kardashian borrowed $200,000 from Big Bank to
This is a graded discussion: 5 points possible due - Secured Transaction - Discussion B 3 3 Kim Kardashian borrowed $200,000 from Big Bank to buy inventory to sell in her makeup shop. She signed a security agreement for the bank listing the entire present and future inventory in the make-up shop, including proceeds from the sale of inventory as collateral. Big Bank never led a nancing statement A month later, Kim borrowed $50,000 from Kanye Creditor, who was aware of Big Bank's security interest. Kim Kardashian then defaulted on both loans and declared bankruptcy. Who has priority, Big Bank or Kanye Creditor
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