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.

Answer rating: 100% (QA)

Yes She is a secured creditor Her security in... View the full answer