McLeod purchased several items from Sears, Roebuck & Co. on credit. The description of the items, in
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EARRINGS, P [diamond bracelet, ring, and earrings]; and 9-INCH E-Z-LIFT [an outdoor umbrella].” In a dispute over creditors’ priorities in McLeod’s bankruptcy, one creditor argued that the description of the goods was insufficient to give Sears a security interest. Does the description meet Article 9 standards? [McLeod v Sears, Roebuck & Co., 41 UCC2d 302 (Bankr ED Mich)]
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Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
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