Wombart Manufacturing sells a machine on credit to Cryslie Printing Co.Wombart insists on a security interest in the machine to:

Question

Quizplus · Accepted Answer

By obtaining a security interest in the machine, Wombart is able to establish a legal interest in the machine and also establish a priority claim in the machine ahead of other creditors of Cryslie. Therefore, both options a and c are correct. Option b is not correct because a security interest only applies to the specific property that is listed in the security agreement, not to all of the debtor's property.

Wombart Manufacturing Sells a Machine on Credit to Cryslie Printing