Question: Max signs a document authorizing a credit check and another document authorizing Angels to file a financing statement in equipment and inventory. Angel's files a
Max signs a document authorizing a credit check and another document authorizing Angels to file a financing statement in "equipment and inventory." Angel's files a financing statement under Max Teller's name on his driver's license in "all equipment and inventory" on July 16, 2018. On July 17, 2018, the loan officer sends Max an email stating, "Max, I'm glad we could reach a deal. We will be conducting a search of the collateral you offered. To confirm, the collateral is your equipment, your vintage show cars, your automobile inventory, and your commercial tort claims." At the same time, Max was seeking another cash infusion from Harley Savings
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
