Solved

On April 10,Amy Agreed to Buy a Riding Lawn Mower

Question 37

Multiple Choice

On April 10,Amy agreed to buy a riding lawn mower from Mowers Plus,signing a promissory note and security agreement giving Mowers Plus a security interest in the mower.On April 15,Amy took delivery of the mower.On May 1,Mowers Plus filed a financing statement.Which of the following is correct?


A) Despite the agreement,Mowers Plus could not create a security interest in the mower since it is a consumer good.
B) Mowers Plus has attachment of a security interest in Amy's mower.
C) Mowers Plus completed the attachment of a security interest in the mower when it filed the financing statement on May 1.
D) The security interest has not attached,but attachment is unimportant to enforceability of a security interest.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions