Carr Corp. sells VCRs and videotapes to the public. Carr sold and delivered a VCR to Sutter

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Carr Corp. sells VCRs and videotapes to the public. Carr sold and delivered a VCR to Sutter on credit. Sutter executed and delivered to Carr a promissory note for the purchase price and a security agreement covering the VCR. Sutter purchased the VCR for personal use. Carr did not file a financing statement. Is Carr’s security interest perfected?

a. No, because the VCR was a consumer good

b. No, because Carr failed to file a financing statement

c. Yes, because Carr retained ownership of the VCR

d. Yes, because it was perfected at the time of attachment AppendixLO1

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Anderson's Business Law And The Legal Environment

ISBN: 9780324638189

20th Edition

Authors: David P Twomey, Marianne M Jennings, Ivan Fox

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