a) What kind of goods was the mobile home? b) Why? c) What kind of a security

Question:

a) What kind of goods was the mobile home?
b) Why?
c) What kind of a security interest did the bank have?
d) So what?
e) Therefore, Oak Hill won the dispute between creditors-right?
f) Oak Hill assumed that because it had a PMSI in consumer goods, its security interest perfected automatically. Oak Hill read the textbook too quickly. What section did the bank miss?
g) What is the special rule concerning these items?
h) Why does the rule make sense?
i) What was the outcome of the Oak Hill case?
j) Give an example of a security interest in consumer goods that would perfect automatically?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law and the Legal Environment

ISBN: 978-1285860381

7th edition

Authors: Susan S. Samuelson, Jeffrey F. Beatty

Question Posted: