Perfected security interest

Assignment Help Financial Management

Reference no: EM131916598

Nemo has a prize bull named Cyclops. Nemo is in need of working capital for his farm and borrows $5,000 from Hector, who takes possession of Cyclops as security for the loan. No written agreement is signed. Discuss whether, in the absence of a written agreement, Hector has a security interest in Cyclops. If Hector does have a security interest, is it a perfected security interest?

Business Law Course

Reference no: EM131916598

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