Delores Del Rio bought a packing machine for her business from Ace Machines and paid cash on delivery. Ace had previously given a chattel mortgage on the machine to the bank, which had registered it under the Personal Property Security Act
A bailiff tried to repossess the machine on behalf of the bank. Which of the following is TRUE?
A) The chattel mortgage is not effective because Delores paid for the machine in full.
B) The chattel mortgage is not effective because Delores did not know of it when she purchased the machine.
C) The chattel mortgage is effective
D) You cannot register a chattel mortgage under the PPSA
E) Both A and B
C
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Which of these statements about the sensitivity report for the constraints is best?
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More timely information is a intangible benefit of information systems
Indicate whether the statement is true or false