Connecticut electronics retailer cer borrows

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Reference no: EM1376843

Connecticut Electronics Retailer (CER) borrows $1,000,000 from Bank One as well as gives Bank One a security interest in among other things, its inventory, equipment and accounts. Bank One files a financing statement with the Connecticut Secretary of State's office casing all this and after-acquired collateral. CER buys 100 stereo systems from Stereo Manufacturer on credit executing a security agreement granting Stereo Manufacturer a security interest in the stereo systems. CER evasions on its loan payments to Bank One.

Can Bank One ascribe the 100 stereo systems CER bought from Stereo Manufacturer?

Reference no: EM1376843

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