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mieux (Je comprends lmieux le sujet que la dernière fois.)

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On Monday, Carl and David were having lunch at a local restaurant when David asked Carl whether he could borrow $500 from Carl. Carl responded: "It is not that I don't trust you, but I will feel better if I could hold onto your Ted Williams rookie baseball card until you pay it back. "It is a deal," said David. David and Carl shook hands on it. On Tuesday, David gave the baseball card to Carl and Carl gave David $500. When, if ever, did security interest attach to the baseball card?Group of answer choices:a) Never, because the requirements for attachment of security interest were not satisfied.b) On Tuesday when David gave Carl the baseball card.c) On Monday when they made the agreement.d) On Tuesday when Carl gave David $500.

CarMax sells cars. Its customers include both companies that will buy its cars for business purpose and individuals who will buy its cars for their personal, family or household use. National Bank intends to make a loan to CarMax and wants to take a security interest in the cars. Assuming that you represent National Bank, how should you classify the cars using Article 9 classification?Group of answer choices:a ) Inventoryb) Inventory, equipment and consumer goods.c) Inventory and consumer goodsd) Inventory and equipment.

Room & Board sells children's furniture at retail outlets. On March 1, Room & Board asked Whitney Bank to loan it $100,000, to be distributed on April 1 and payable on March 1 two years later. Whitney Bank agreed. Whitney Bank prepared the loan documents, which provided that Room & Board granted Whitney Bank a security interest in all of its "inventory of furniture, now owned or hereafter acquired." Both parties signed the loan documents. At this point, do the parties have a security agreement?Group of answer choices:a) No, because the loan documents did not describe the collateral sufficiently.b) No, because Room & Board does not have rights in the collateral that has not been acquired. c) Yes.d) No, because the value has not been given.

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