Case Problem:
Joanna takes a security interest in the equipment in Jason Store and files a financing statement claiming ‘‘equipment and all after-acquired equipment.’’ Berkeley later sells Jason Store a cash register, taking a security interest in the register and (a) files nine days after Jason receives the register, or (b) files twenty-five days after Jason receives the register. If Jason fails to pay both Joanna and Berkeley and they foreclose their security interests, who has priority on the cash register?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.