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Subject / Started by	Replies / Views	Last post
Great State Bank loans money to Seth, securing the loan with property owned by Seth. Great State ... Started by newyorker26	1 Replies 247 Views	Jun 24, 2018 by livaneabi
When two creditors have a security interest in the same collateral, which party takes priority? ... Started by CharlieWard	1 Replies 103 Views	Jun 24, 2018 by bpool94
The series of steps a secured party must take to protect its rights in the collateral against people ... Started by APUS57	1 Replies 126 Views	Jun 24, 2018 by kswal303
If repossessed collateral is sold or otherwise disposed of by the creditor, then the time, place, ... Started by KimWrice	1 Replies 147 Views	Jun 24, 2018 by randomguy133
The initial term for which a financing statement will be effective is A)one year. B)five years. ... Started by yoooooman	1 Replies 134 Views	Jun 24, 2018 by alexanderhamilton
Country Bank, located in Indiana, loaned Chmelik 5,000 and obtained a security interest in a ... Started by michelleunicorn	3 Replies 215 Views	Jun 24, 2018 by josephsuarez
Jones contracts to buy a computer from Martin for 1500. The contract calls for Martin to service the ... Started by tiara099	1 Replies 115 Views	Jun 24, 2018 by Bison
Inez contracted with Filippo Furnaces Co for the installation of a new furnace. Inez selected the ... Started by Marty	1 Replies 117 Views	Jun 24, 2018 by heyhey123
What is the difference between incidental damages and consequential ... Started by fox	1 Replies 151 Views	Jun 24, 2018 by joewallace
Explain the difference between attachment and perfection.[br][br][b][color=#9E3EA8]Question ... Started by tichca	1 Replies 111 Views	Jun 24, 2018 by ricroger
Fowler Bros. has applied to Gibralter Bank for a 50,000 loan for its business expansion. If Fowler ... Started by crazycityslicker	1 Replies 99 Views	Jun 24, 2018 by ASDFGJLO
There are two types of commercial paper: express and implied. Indicate whether the statement is ... Started by mp14	1 Replies 100 Views	Jun 24, 2018 by af
A possessor of non-negotiable commercial paper has the same rights as the person who made the ... Started by a0266361136	1 Replies 111 Views	Jun 24, 2018 by 31809pancho
To be negotiated, bearer paper must simply be delivered to the recipient. Indicate whether the ... Started by plus1	3 Replies 109 Views	Jun 24, 2018 by brittrenee
A draft is always a check, but a check is not always a draft. Indicate whether the statement is ... Started by jjjetplane	1 Replies 122 Views	Jun 24, 2018 by Dnite
A & D, Inc wrote a negotiable note payable to Vicy, Inc for the purchase of some satellite ... Started by leilurhhh	1 Replies 223 Views	Jun 24, 2018 by GCabra
Charlene Brown has possession of a check made out to the order of Charlene Brown (herself) which she ... Started by dakota nelson	1 Replies 152 Views	Jun 24, 2018 by blakeserpa
With non-negotiable commercial paper, a transferee's rights are conditional. Indicate whether the ... Started by @Brianna17	1 Replies 104 Views	Jun 24, 2018 by leeeep
Tim wrote a negotiable note. Subsequently, Tim's debts were discharged in bankruptcy. If a holder in ... Started by Wadzanai	1 Replies 202 Views	Jun 24, 2018 by nmyers
Warranty liability is the liability of someone who gives payment on a negotiable instrument. ... Started by charchew	1 Replies 164 Views	Jun 24, 2018 by tashiedavis420
Conversion means that someone has stolen an instrument or a bank has paid a check that has a forged ... Started by Tazate	1 Replies 100 Views	Jun 24, 2018 by voltaire123
Drawers and indorsers are secondarily liable on negotiable instruments. Indicate whether the ... Started by ss2343	3 Replies 65 Views	Jun 24, 2018 by ankilker
Assume that Joel signs a promissory note to Andrew, who in turn negotiates the instrument to Luke. ... Started by ashley	1 Replies 72 Views	Jun 24, 2018 by milbourne11
An accommodation party and a co-maker of a note have the same liability on an instrument. Indicate ... Started by mia	1 Replies 87 Views	Jun 24, 2018 by GCabra
Lance indorses a promissory note to Connie in exchange for consideration. Unknown to Lance, the note ... Started by swpotter12	1 Replies 91 Views	Jun 24, 2018 by 6ana001

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