When personal property is used as collateral to back up a loan, ...

[imanialler]

When personal property is used as collateral to back up a loan, the note created is a:
 a. balloon note b. fixed note
  c. personal note d. property note
  e. none of the other choices are correct

Question 2

Alpha, an expensive brand of watch that sell for 5,000 (suggested retail price), sells to fine jewelry stores for 2,500 . Irritated that Amer's Jewelry is selling the watches to the public for 4,000, while competitors are selling for 5,000, stops selling the watches to Amer's. Amer's sues Alpha for antitrust violation. It is likely that Amer's will:
 a. win for price fixing violation of the Sherman Act b. win for Robinson-Patman Act violation
  c. win for Section 5 FTC Act violation
  d. lose because it violates the Robinson-Patman Act
  e. lose because Alpha has the right to decide who to sell to

[tandmlomax84]

Answer to Question 1

e

Answer to Question 2

e

[imanialler]

Thanks for the timely response, appreciate it

[ricroger]

Excellent