Three years later, the store closed. Radio Hut terminated the franchise and took possession of the inventory, claiming the Browns and D&M owed Radio Hut $6,394.73. State Bank filed a suit in a state court against Radio Hut, claiming a perfected security interest in the inventory with priority over Radio Hut's claim. Did the bank's security interest take priority over Radio Hut’s claim?
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Three years later, the store closed. Radio Hut terminated the franchise and took possession of the i...
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