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Frank Purchased a Plasma TV with His Store Credit Card

Question 8

Multiple Choice
Frank purchased a plasma TV with his store credit card.He later sold the TV to Greg.Frank defaulted on his payments to the store and declared bankruptcy.The store may:

Frank purchased a plasma TV with his store credit card.He later sold the TV to Greg.Frank defaulted on his payments to the store and declared bankruptcy.The store may:


A) repossess the TV as it has a security interest in it.
B) not repossess the TV if Greg shows he did not know about the security interest the store had in the TV.
C) not repossess the TV as security interests may not be attached to consumer goods.
D) repossess the TV as Frank's title was void.

Correct Answer:

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