An Appliance Store Sells a Television Set to Adam for $750

question 17

Multiple Choice

An appliance store sells a television set to Adam for $750 on a conditional sales contract,reserving a security interest in the set until Adam has paid for it.The store does not file a financing statement but relies on attachment for perfection.Adam later borrows money from a credit union and gives it a security interest in the television set neither of them perfected the security interest.Adam defaults on his loans and the credit union tries to claim the set.Under these circumstances,_____.

• A) the credit union has a better claim to the set than does the appliance store
• B) the appliance store cannot claim the set as they relied on attachment for perfection
• C) the appliance store has a better claim to the set than the credit union
• D) neither the appliance store nor the credit union can claim the set

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Definitions:

Lower Status

Lower Status describes a position or ranking that is below others in terms of power, prestige, or importance within a social hierarchy.

High Social Status

A classification indicating an individual's or group's position above others based on wealth, occupation, education, or other markers of social power or prestige.

Mate Selection

The process by which individuals choose a partner with whom to form a reproductive relationship.

Evolutionary Theory

A scientific theory that proposes species change over time through mechanisms like natural selection and genetic mutation.