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PC Jennings and the Pawnshop
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PC Jennings sold computers and cell phones. The company sold Junior and his girlfriend a new laptop and cell phone. Each purchase was on credit, and in each instance, a security agreement was executed. A week later, Junior took the computer to the local pawnshop and pledged it for a loan. Subsequently, Junior defaulted on his payments to PC Jennings and the local pawn shop. The manager of PC Jennings sought to repossess the computer, but the local pawnshop dealer refused to give it to her. The dealer contended that its lien had priority over the unrecorded security interest of PC Jennings. Explain who has priority
