View attached explanation and answer. Let me know if you have any questions.
Running head: SECURITY INTERESTS
The creditor for the Kayak would need to file a UCC-1 financing statement because the
land is real property and boats are personal property. The creditor for the 4-Runner also needs to
file a UCC-1 because motor vehicles are also personal property but not real property. The creditor
for the iMacs would need to file a UCC-1 financing statement because computers are private
property but not real property.
KDM filed a financing statement with the court but failed to list it…
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