Multiple Choice
An appliance store sells a television set to Adam for $750 on a conditional sales contract,reserving a security interest in the set until Adam has paid for it.The store does not file a financing statement but relies on attachment for perfection.Adam later borrows money from a credit union and gives it a security interest in the television set.Adam defaults on his loans and the credit union tries to claim the set.Under these circumstances:
A) the credit union has a better claim to the set than does the appliance store.
B) the appliance cannot claim the set as they relied on attachment for perfection.
C) the appliance store has a better claim to the set than does the credit union.
D) neither the appliance store nor the credit union can claim the set.
Correct Answer:

Verified
Correct Answer:
Verified
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