ABC Clothing Store received a loan from Laura Lender in the amount of $100,000, and in turn granted Laura Lender a security interest in “all of ABC’s equipment and clothing to be sold.” A valid security agreement was created and perfected. One year after ABC had been in business, their sales were dramatically increasing, and ABC purchased additional cash registers and ordered another big shipment of clothing to be sold in the store. After the purchases, ABC defaulted on the loan, and Laura Lender would like to repossess the equipment and clothing to be sold in ABC’s store. For which items would repossession be proper?
a. All of the original equipment and clothing still remaining in the store, but none of the new cash registers and new clothing.
b. All of the equipment and clothing now in the store
c. All of the equipment now in the store, but not the clothing
d. All of the clothing now in the store, and the original equipment still
remaining in the store, but not the new cash registers