Solved

In a Dispute Between Dennis,ABC Electronics,and XYZ Credit Regarding Entitlement

Question 53

Multiple Choice

In a dispute between Dennis,ABC Electronics,and XYZ Credit 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.

Correct Answer:

verifed

Verified

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

Related Questions