Joanna takes a security interest in the equipment in Jason Store and files a financing statement claiming “equipment and all after-acquired equipment.” Berkeley later sells Jason Store a cash...


Joanna takes a security interest in the equipment in Jason Store and files a financing statement claiming “equipment and all after-acquired equipment.” Berkeley later sells Jason Store a cash register, taking a security interest in the register, and (a) files nine days after Jason receives the register or (b) files twenty-five days after Jason receives the register. If Jason fails to pay both Joanna and Berkeley and they foreclose their security interests, who has priority on the cash register? Explain.

Nov 21, 2021
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