question archive Bill purchases a tractor to use in his farming operation from Oscar's Trucks & Tractors, but the tractor is subject to a perfected security interest on Oscar's inventory held by the Community Bank
Bill purchases a tractor to use in his farming operation from Oscar's Trucks & Tractors, but the tractor is subject to a perfected security interest on Oscar's inventory held by the Community Bank
Subject:BusinessPrice: Bought3
Bill purchases a tractor to use in his farming operation from Oscar's Trucks & Tractors, but the tractor is subject to a perfected security interest on Oscar's inventory held by the Community Bank. Oscar's has filed bankruptcy and Community Bank is seeking to repossess the tractor from Bill. Bill refuses to permit the representatives of Community Bank into his barn to accomplish the repossession, so the bank files an action in replevin. Who will win? Fully explain.
