« previous next »

Author Question: Decide the order of priority for the following creditor's and explain why. April 12, 2015 - Wells ... (Read 75 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jun 24, 2018
Decide the order of priority for the following creditor's and explain why. April 12, 2015 - Wells Fargo mortgage on residential property of Jane Miyamoto is recorded April 30, 2015 - Paddock Pool Company records second mortgage within 10 days of beginning pool construction May 15, 2015 - Desert Vista Landscaping records lien within 10 days of completing Jane's landscaping May 30, 2015 - Saguaro Fans records PMSI in fans installed in Jane's home nine days after their installation

Question 2

Self-help repossession of collateral upon a buyer's default is contrary to public policy and is never allowed.
  Indicate whether the statement is true or false


Chelseyj.hasty

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 24, 2018
Answer to Question 1

1.Saguaro Fans - PMSI recorded within 10 days
2.Wells Fargo - Original mortgagee, first in time

3.Paddock - Second mortgage, no priority status

4.Desert Vista - lien, no priority status

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Upsetting the entire social order, the French Revolution removed the past as a sure guide to the ... Upsetting the entire social order, the French Revolution removed the past as a sure guide to the ...
How to evaluate third-order determinants by Minors Method (Question 2) How to evaluate third-order determinants by Minors Method (Question 2)
First-order sensory neuron with free nerve endings First-order sensory neuron with free nerve endings
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library