Please help answer the question in the image. Thanks in advance.

Come up with a hypothetical scenario illustrating the formation, steps involved in creation of, a hypothetical sequence of events, and likely outcomes involving 1) secured transactions and 2) negotiable instruments. For secured transactions, make sure that you identify at least two types of secured interests; the attachment of the interest; perfection of the interest; at least two separate claims to the secured interest; and likely priority between the competing claimants to the interests, along with any exceptions that we have covered. For negotiable instruments, make sure that you also identify at least two types of negotiable instruments, as well as all the other requirements identied in the rst sentence of this