What right does the holder of a security interest

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Reference no: EM133369910

Assignment:

1. What right does the holder of a security interest have that other creditors do not? The creditor may take passion of the property or asset.

2. Will a title search at the FAA Aircraft Registry in Oklahoma City reveal all kinds of valid security interests in aircraft?

3. You are the manager of an FBO. A customer purchases a new airplane through your business. A bank finances that purchase, obtains a security interest in the aircraft through a written security agreement signed by the purchaser, and files that security agreement with the FAA Aircraft Registry and the International Registry. Later, the customer has your shop install upgraded avionics, including a full "glass cockpit" set of multifunction displays (MFD) integrating flight, navigation, engine, and sensor data.

Reference no: EM133369910

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