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Business Law Today 8th Edition by Roger LeRoy Miller,Gaylord Jentz
Edition 8ISBN: 978-0324654554Business Law Today 8th Edition by Roger LeRoy Miller,Gaylord Jentz
Edition 8ISBN: 978-0324654554 Exercise 1
Java Jive, Inc., is a small chain of coffee shops. Adam is Java live's president.
Java Jive wants to borrow $40,000 from First National Bank to buy equipment. To secure the loan, First National could accept Java Jive's equipment as collateral. If so, how would First National let other potential creditors know of it interest? If First National secures its loan with the equipment and Java Jive fails to repay the loan, what are First National's alternatives with respect to collecting the amount due?
Java Jive wants to borrow $40,000 from First National Bank to buy equipment. To secure the loan, First National could accept Java Jive's equipment as collateral. If so, how would First National let other potential creditors know of it interest? If First National secures its loan with the equipment and Java Jive fails to repay the loan, what are First National's alternatives with respect to collecting the amount due?
Explanation
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Company F can let others know of its int...
Business Law Today 8th Edition by Roger LeRoy Miller,Gaylord Jentz
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