You are the chief executive officer of Money Games
Inc.(MGI), which has begun to market Borrow & Spend, a video game
set in the world of finance. To buy ads, MGI borrows $50,000 from First
Savings Bank. On MGI's behalf, you sign a note for the loan and of
You are the chief executive officer of Money Games Inc.(MGI),
which has begun to market Borrow & Spend, a video game set in the
world of finance. To buy ads, MGI borrows $50,000 from First Savings
Bank. On MGI's behalf, you sign a note for the loan and offer its
accounts receivable as collateral. You sign a security agreement that
describes the collateral. The bank does not file a financing statement.
Has the banks security interest attached?
If so, when?
This essay must be 300 words to include reference in APA
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