Refer to Fact Pattern 30-2A. If Rely perfects its security interest be­fore Standard files for bankruptcy, then Rely will be a secured credi­tor and the trustee of Standard’s estate can
A. invalidate Rely’s interest only after Reliable perfects it.
B. invalidate Rely’s interest only if Rely knew of the impend­ing bankruptcy.
C. invalidate Rely’s interest under any circumstances.
D. not invalidate Rely’s interest.
Answer:D
Refer to Fact Pattern 30-2A. If Rely perfects its security interest be­fore Standard files for bankruptcy, then Rely will be a secured credi­tor and the trustee of Standard’s estate can
A. invalidate Rely’s interest only after Reliable perfects it. B. invalidate Rely’s interest only if Rely knew of the impend­ing bankruptcy. C. invalidate Rely’s interest under any circumstances. D. not invalidate Rely’s interest.