Multiple Choice
Assume the bank's filing of the financing statement constitutes a proper perfection,what type of interest does Dryden have in the hang glider?
A) Dryden would have a claim against the hang glider only as an unsecured creditor.
B) Dryden would have a claim against the hang glider based on the amount of the loan.
C) Dryden would have no claim for the hang glider.
D) Dryden would be a secured creditor.
E) Both Dryden and the bank would have an equivalent claim to the hang glider.
Correct Answer:
Verified
Correct Answer:
Verified
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