Assume the Bank's Filing of the Financing Statement Constitutes a Proper

question 86

Multiple Choice

Assume the bank's filing of the financing statement constitutes a proper perfection, what type of interest does Dryden have in the hang glider?

• A) Dryden would have a claim against the hang glider only as an unsecured creditor.
• B) Dryden would have no claim for the hang glider.
• C) Dryden would be a secured creditor.
• D) Both Dryden and the bank would have an equivalent claim to the hang glider.
• E) Dryden would have a claim against the hang glider based on the amount of the loan.