Which of the Following Did the Court Determine on Appeal

question 87

Multiple Choice

Which of the following did the court determine on appeal in Wawel Savings Bank v.Jersey Tractor Trailer Training Inc. ,the case in the text in which a lender who perfected an interest in a debtor's collateral claimed to have priority in bankruptcy over an entity who later entered into an agreement whereby it purchased rights to the debtor's accounts receivables?

• A)The court ruled in favor of the purchaser of receivables on the basis that the agreement the lender had with the debtor did not expressly prohibit the sale of receivables.
• B)The court remanded the case for a determination as to whether the purchaser of receivables was a holder in due course or a purchaser of instruments,in which case it would prevail.
• C)The court ruled in favor of the purchaser of receivables on the basis that an immediate transaction for value was involved.
• D)Under the "first in time" rule,the court ruled in favor of the lender who perfected the interest in the debtor's collateral.
• E)Under the "first to file" rule,the court ruled in favor of the lender who perfected the interest in the debtor's collateral.

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Definitions:

Personal Relationship

A connection between individuals based on emotional or social bonds, often characterized by mutual respect, understanding, and communication.

Personal Selling

A direct marketing approach where individual salespeople reach out to potential customers through face-to-face meetings, calls, or personalized messages.

Trade Sales Promotion

Marketing activities and incentives aimed at intermediaries such as wholesalers and retailers to encourage the stocking and promotion of a company’s products.

Retailers

Businesses that sell goods or services to consumers for personal or household use, acting as a final link between producers and consumers.