Zia wanted to buy a camping trailer. She didnt have enough money to pay for a brand-new trailer, so she approached her Bank for a loan. Zia and the Bank negotiated a loan agreement. The Bank then completed and filed a financing statement at the Personal Property Registry office.

A) With respect to the camping trailer, what kind of creditor is the Bank? (.5 mark)

B) Filing the Financing Statement gives ___________________ to subsequent secured creditors (.5 mark)

Zia sold her camping trailer to Tamu but Zia still had $6000 left to pay on her bank loan. Zia then stopped paying on her loan.

C) What remedy, if any, does the Bank have with respect to Zias unpaid loan? Why? (1 mark)

Please use full sentences, proper grammar, punctuation and spelling. Your answer to this question must not be longer than 25 words.

Business law- course