Stereo systems cer bought from stereo manufacturer

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Reference no: EM1312307

Q. Connecticut Electronics Retailer ("CER") borrows $1,000,000 from Bank One also gives Bank One a security interest in, among other things, its inventory, equipment also accounts. Bank One files a financing statement with the Connecticut Secretary of State's office covering all this also 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 defaults on its loan payments to Bank One. Can Bank One attach the 100 stereo systems CER bought from Stereo Manufacturer?

Reference no: EM1312307

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