On April 10, Amy agreed to buy a riding lawn mower from Mowers Plus, signing a promissory note and security agreement giving Mowers Plus a security interest in the mower. On April 15, Amy took delivery of the mower. On May 1, Mowers Plus filed a financing statement. Which of the following is correct?
a. Despite the agreement, Mowers Plus could not create a security interest in the mower since it is a consumer good.
b. Mowers Plus has attachment of a security interest in Amy's mower.
c. Mowers Plus completed the attachment of a security interest in the mower when it filed the financing statement on May 1.
d. The security interest has not attached, but attachment is unimportant to enforceability of a security interest.
b
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To compute interest expense for an adjusting entry, the formula is (principal X annual rate X a fraction). The numerator and denominator of the fraction are:
a. Length of time note has been outstanding (12 months) b. Length of note (12 months) c.Length of time until note matures (Length of note) d.Length of time note has been outstanding (Length of note)
Describe object-relational mapping. What are the steps and what is the major difference between relational modeling and a pure object-oriented database?
What will be an ideal response?