On April 10,Amy agreed to buy a riding lawn mower from Mowers Plus,signing a promissory note and security agreement giving Mowers Plus a security interest in the mower.On April 15,Amy took delivery of the mower.On May 1,Mowers Plus filed a financing statement.Which of the following is correct?

Question

Quizplus · Accepted Answer

According to the facts presented, Amy agreed to buy a riding lawn mower from Mowers Plus on April 10 and signed a promissory note and security agreement, which gave Mowers Plus a security interest in the mower. This means that Mowers Plus has attachment of a security interest in Amy's mower because there was a written agreement and Amy took delivery of the mower on April 15. Filing the financing statement on May 1 perfected the security interest, making it enforceable against other parties. Therefore, option B is the correct answer. Option A is incorrect because a security interest can be created in a consumer good as long as the necessary conditions are met. Option C is partially correct, as filing a financing statement does perfect the security interest but does not complete attachment. Option D is also incorrect because attachment is essential for the enforceability of a security interest.

On April 10,Amy Agreed to Buy a Riding Lawn Mower