« previous next »

Author Question: Decide the order of priority for the following creditor's and explain why. April 12, 2015 - Wells ... (Read 42 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?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
The ultimate foundation of any political order is violence, no more starkly demonstrated than when a ... The ultimate foundation of any political order is violence, no more starkly demonstrated than when a ...
How to evaluate the third-order determinant How to evaluate the third-order determinant
Afterload is the pressure that the ventricles must overcome in order to open the aortic and pulmonic Afterload is the pressure that the ventricles must overcome in order to open the aortic and pulmonic
April 17, 2023 April 17, 2023
Test of Yanofsky’s Proposed trp Operon Gene Order Test of Yanofsky’s Proposed trp Operon Gene Order
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library