Question: Analyze and explain: (a) the type of security interest First State would have in PI's inventory if it loaned PI the money to purchase inventory,

  1. Analyze and explain:

(a) the type of security interest First State would have in PI's inventory if it loaned PI the money to purchase inventory, and

(b) how that security interest would be perfected, according to the requirements under Article 9 of the Uniform Commercial Code (UCC).

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