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Pix Co., which is engaged in the business of selling appliances, borrowed $18,000 from Lux Bank. Pix executed a promissory note for that amount and pledged all of its customer installment receivables as collateral for the loan. Pix executed a security agreement that described the collateral, but Lux did not file a financing statement. With respect to this transaction A. Perfection of the security interest occurred despite Lux’s failure to file a financing statement. B. Attachment of the security interest did not occur because Pix failed to file a financing statement. C. Attachment of the security interest took place when the loan was made and Pix executed the security agreement. D. Perfection of the security interest did not occur because accounts receivable are intangibles. |