Wedney, Inc has a purchase money security interest in one of Yoro Chicken's meat processing machines. Wedney filed a financing statement on the day the machine was delivered, perfecting its interest. Great State Bank already had a security interest in the machine. Which party has superior priority rights in the meat processing machine?
a. Wedney. A PMSI in collateral other than inventory takes priority over a conflicting security interest if the PMSI is perfected at the time the debtor receives the collateral or within 20 days after he receives it.
b. Great State Bank, since it had an earlier security interest.
c. The party who is first to repossess the collateral has priority rights.
d. The creditors have equal priority.
a
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A) capacity management B) disintermediation C) servicescape management D) transactional marketing E) critical incident management
A management information system should emphasize satisfying
a. external demands for information. b. external and internal demands for information. c. internal demands for information. d. the Accounting Department's demands for information.
In what situations do courts impose a constructive trust?
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A. The court will order Ralph to play with the Jets. B. The court will order Ralph to play with the Jets, but Ralph is entitled to be paid the amount he negotiated under the Giants contract. C. The court will issue a preliminary injunction barring Ralph from playing with any team other than the Jets during the course of the lawsuit. D. The court will order Ralph to pay compensatory damages in the amount of the difference between the two contracts.