Resident Of War asked:
Security Interest and Financing Statements?
Joanna takes a security interest in the equipment in Jason Store and files a financing statement claiming “equipment and all after-acquired equipment”" Berkeley later sells Jason Store a cash register taking a security interest in the register and (a) files nine days after Jason receives the register, or (b) files 25 days after Jason receives the register. If Jason fails to pay both Joanna and Berkeley and they foreclose their security interests, who has priority on the cash register? What would occur if Jason were a consumer who purchased goods for personal use?
Carla
Security Interest and Financing Statements?
Joanna takes a security interest in the equipment in Jason Store and files a financing statement claiming “equipment and all after-acquired equipment”" Berkeley later sells Jason Store a cash register taking a security interest in the register and (a) files nine days after Jason receives the register, or (b) files 25 days after Jason receives the register. If Jason fails to pay both Joanna and Berkeley and they foreclose their security interests, who has priority on the cash register? What would occur if Jason were a consumer who purchased goods for personal use?
Carla
Joyce
what?