You are the chief executive officer of money games inc.mgi, Ask an Expert

Management Studies

You are the chief executive officer of Money Games Inc.(MGI), which has begun to market Borrow & Spend, a video game set in the world of finance. To buy ads, MGI borrows $50,000 from First Savings Bank. On MGI's behalf, you sign a note for the loan and offer its accounts receivable as collateral. You sign a security agreement that describes the collateral. The bank does not file a financing statement.

Has the banks security interest attached?

If so, when?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9104490

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