If Michael, ABC Electronics, and XYZ Credit Have a Dispute

Multiple Choice

If Michael, ABC Electronics, and XYZ Credit have a dispute regarding entitlement to the television, who is likely to win and why?

A) ABC Electronics will prevail because, as a seller of consumer goods, it did not need a perfected security interest in order to prevail against other creditors.
B) ABC Electronics will prevail because it had a perfected security interest.
C) XYZ Credit will prevail because although ABC Electronics had a perfected security interest, it did not file a financing statement.
D) XYZ Credit will prevail because a luxury good was involved and, although ABC Electronics had a perfected security interest, it did not file a financing statement as required within 10 days of the sale.
E) XYZ Credit will prevail because it had a perfected security interest in a greater amount of goods than did ABC Electronics.