Joanna takes a security interest in the equipment in Jason Store and files a financing statement claiming

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Joanna takes a security interest in the equipment in Jason Store and files a financing statement claiming ‘‘equipment and all after acquired equipment.’’ Berkeley later sells Jason Store a cash register taking a security interest in the register and Files nine days after Jason receives the register, or Files twenty-five days after Jason receives the register. If Jason fails to pay both Joanna and Berkeley and they foreclose their security interests, who has priority on the cash register? Explain.

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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