Question: Mike gets a $10,000 loan from Krissy. Krissy asks for a security interest in Mikes baseball card collection. Mike says, Sure, I dont care, just

Mike gets a $10,000 loan from Krissy. Krissy asks for a security interest in Mike’s baseball card collection. Mike says, “Sure, I don’t care, just take a security interest in all my assets.” Krissy types up the following note, which Mike signs: “I, Mike, hereby give Krissy a security interest in all my goods.” Krissyfiles a financing statement covering “all assets” of Mike B. Doe(Mike’s legal name). Is Krissy a secured creditor? Is her security interest perfected? Explain.

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