This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The following series of events/transactions occurred on Bert Easley's ranch: March 3, 2010 - Bert ... (Read 183 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
The following series of events/transactions occurred on Bert Easley's ranch: March 3, 2010 - Bert buys the ranch for 900,000; gives a mortgage to First Interstate Bank (FIB) to secure the loan April 12, 2012 - Bert gives First Federal (FF) a new mortgage (lower rate); FF pays off the FIB loan balance August 17, 2014 - Bert installs wind power equipment and signs a security agreement with WP3 (the wind power seller); WP3 does not record a financing statement If Bert defaults, what is the order of the creditor priorities?
 A) FIB, FF, WP3
 B) WP3, FF
 C) WP3, FIB, FF
 D) FF, WP3

Question 2

Secured transactions are governed by Article 2 of the Uniform Commercial Code.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 24, 2018
Correct answers!


jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Feedforward events can be conditioned to external stimuli. Feedforward events can be conditioned to external stimuli.
The comet Ikeya-Zhang exhibiting a bright, condensed coma (March 2002) The comet Ikeya-Zhang exhibiting a bright, condensed coma (March 2002)
Obie Bowman, Brunsell Residence, Sea Ranch, California. Obie Bowman, Brunsell Residence, Sea Ranch, California.
Eleanor Antin, My Kingdom Is the Right Size, from the series The King of Solana Beach. Eleanor Antin, My Kingdom Is the Right Size, from the series The King of Solana Beach.
Major events in the storage, retrieval, and use of fuels in the fed and unfed states Major events in the storage, retrieval, and use of fuels in the fed and unfed states
Unseasonably warm in March 2012 Unseasonably warm in March 2012
Video: Oogenesis Animation

For a complete list of videos, visit our video library