Rick’s Taxi has gets a loan from Bank of America (BOA) and the collateral for the loan is three of Rick’s minivans and four office computers. BOA did not file a UCC-1 or have its lien noted on the title certificates for the minivans. Rick’s defaulted on the loan and BOA immediately repossessed the minivans and computers. The Sheriff then shows up, attempting to levy on the minivans and the computers on behalf of another creditor, and demands that BOA return the repossessed collateral. What does the Bank have to relinquish?
1. The minivans and the computers.
2. The minivans, but not the computers.
3. The computers, but not the minivans.
4. Neither the minivans nor the computers.