Trust bank loans corner bookstore 30000 on july 1 and, Operation Management

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Trust bank loans corner bookstore 30000 on july 1 and

Trust Bank loans Corner Bookstore $30,000 on July 1, and receives a security interest in Corner Bookstore`s inventory. Trust Bank files a Financing Statement in the proper courthouse on July 7. On July 3, Corner Bookstore borrows $15,000 from Martha Stevens. Martha also takes a security interest on Corner Bookstore`s inventory. She files her financing statement on July 6. Which security agreement has priority? Why? Please explain in detail.

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Operation Management: Trust bank loans corner bookstore 30000 on july 1 and

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Operation Management: Trust bank loans corner bookstore 30000 on july 1 and

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