David and Sally were having lunch and discussing the sale of Sally's car, a 1963 MGB, to David. Sally wanted $10,000 for the car, but David did not have that much money. Sally said: "I'll let you pay $1,000.00 each month. If you miss any payment, I can take the car back." David agreed. Sally wrote these notes on a napkin: Sally to sell David 1963 MGB, $10,000 total. David to pay $1,000 per month, take back if no pay. David initialed the napkin and they shook hands on the deal. David has now missed a monthly payment. Can Sally take the car back?Group of answer choices:a) No, because Sally did not actually sign any agreement.b) No, because Sally failed to obtain a valid security interest in the car. c) Yes, because Sally has a valid security interest in the car.d) It depends on whether parol evidence of the security agreement is admissible to supplement the writing

Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!