Nick borrows $5,000 from Modern Finance Corporation ("MFC"). Nick signs a security agreement for the loan on May 1. On May 2, Nick borrows $8,000 from Union Bank, also signing a security agreement. Union Bank files a security agreement with the Secured Transaction Registry on May 3. MFC files their security agreement on May 5. Both security agreements cover the same property. If Nick defaults, who will have priority? Assume that both security agreements were properly executed (signed by Nick and collateral specifically identified). Group of answer choices Union, because Union perfected first. Union, because Union obtained their secured interest first. MFC, because MFC obtained their secured interest first. MFC, because MFC perfected their interest first.

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?