Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When Mark bought a refrigerator on credit, the store filed a security agreement in the wrong county office. If Bob subsequently lends money to Mark
When Mark bought a refrigerator on credit, the store filed a security agreement in the wrong county office. If Bob subsequently lends money to Mark taking the refrigerator as collateral, and files in the correct county, what would be the result?
Bob would have priority over Store. | ||
Bob would have priority over Store only if he filed before Store did. | ||
Bob would not have priority over the Store because Store had filed first | ||
Bob would not have priority over Store unless he also filed in the same office as Store. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started