Marina inc. sells and services sailboats. on april 1, marina financed the purchase of its entire inventory with ace finance company. ace required marina to execute a security agreement and a ucc-1 financing statement covering the inventory and proceeds. on april 4, ace properly filed the ucc-1 financing statement covering the inventory, proceeds and after-acquired inventory. on april 27, marina sold one of the sailboats to wally for use in his charter business for $100,000 ($50,000 cash and $50,000 on credit). wally, who had once worked for marina, knew that marina regularly financed its inventory with ace. marina defaults on its obligations to ace.
can ace repossess the sailboat purchased by wally?

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.