Verisony sells iPhones to the public. Verisony sold and delivered an iPhone to Muriel on credit. Muriel executed and delivered to Verisony a promissory note for the purchase price and a security agreement covering the iPhone. Muriel purchased the iPhone for personal use. Verisony did not file a financing statement. Is Verisony’s security interest perfected? Explain.
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Verisony sells iPhones to the public. Verisony sold and delivered an iPhone to Muriel on
credit. Muriel executed and delivered to Verisony a promissory note for the purchase
price and a security agreement covering the iPhone. Muriel purchased the iPhone for
personal use. Verisony did not file a financing statement. Is Verisony’s security interest
perfected? Explain.
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