(4 points) You make and install custom kitchen cabinets, w…
(4 points) You make and install custom kitchen cabinets, which are specifically designed to fit the homeowner’s kitchen. You believe Kramer is a fatcat, so you agree to sell and install cabinets in his home for an agreed price of $20,000, and you agree to wait to be paid until the work is complete. Before you begin, you and Kramer sign the construction contract as well as a security agreement that pledges the cabinets as collateral. The work is completed on July 20. Alas, Kramer is a deadbeat and he doesn’t pay you. Fortunately, in your construction contract with Kramer, you included the proper pre-lien notice required by Minn. Stat. 514.011. You also filed a fixture financing statement on July 27. Surprisingly, even though Kramer is a deadbeat, there is no mortgage or any other lien against his property. What are your two options? Which one would you choose and why?