Multiple Choice
Butch bought a bulldozer for his construction business from Construction Supply (CS) , which properly perfected its security interest in the machine. The bulldozer required repairs; Butch took it to Mike Mechanic who performed $1100 worth of repair work on it. Butch then failed to pay either CS or Mechanic, and CS appeared at Mechanic's shop to repossess the machine. As between Mechanic and CS, who gets paid first?
A) CS because it perfected its security interest.
B) CS because the bulldozer is not "consumer goods."
C) CS because it has a purchase-money security interest in the bulldozer.
D) Mechanic because he has a mechanic's lien which takes priority over the CS's security interest.
E) It is not possible to determine who wins on the facts here.
Correct Answer:

Verified
Correct Answer:
Verified
Q40: If a security interest was not perfected
Q41: Alice hired Robert as an associate accountant
Q42: Which of the following is true of
Q43: In strict foreclosure, a secured creditor can
Q44: A security interest in consumer goods may
Q46: A written security agreement is not needed
Q47: If two creditors have a security interest
Q48: Accessions are goods that are physically united
Q49: A lien is security obtained through operation
Q50: A creditor who first files a financing