Harco is a retailer of appliances. Harco buys its inventory from RST. Inc., the manufacturer. To finance its inventory, Harco buys appliances from RST on credit, signing a promissory note and giving RST a security interest in the inventory. RST perfects this security interest. Harco also needed cash for working capital, so Harco borrowed money from First Bank, giving First Bank a security interest in Harco inventory. First Bank perfected this security interest before RST perfected its security interest. Harco cannot pay its debts, so both RST and First Bank attempt to foreclose on this inventory. Discuss who has priority and why
Harco inventory
Get your custom paper done at low prices
275 words/page
Double spacing
Free formatting (APA, MLA, Chicago, Harvard and others)
12 point Arial/Times New Roman font
Free title page
Free bibliography & reference
TESTIMONIALS
What Students Are Saying
Outstanding, thank you very much.
Awesome. Will definitely use the service again.