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Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller
Edition 9ISBN: 978-1111530624Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller
Edition 9ISBN: 978-1111530624 Exercise 4
Video Question To watch this chapter's video, Secured Transactions, go to www.cengagebrain.com. Register the access code that came with your new book or log in to your existing account. Select the link for the "Business Law Digital Video Library Online Access" or "Business Law CourseMate." Click on "Complete Video List," view Video 33, and then answer the following questions:
1 This chapter lists three requirements for creating a security interest. In the video, which requirement does Laura assert has not been met?
2 What, if anything, must the bank have done to perfect its interest in the editing equipment?
3 If the bank exercises its self-help remedy to repossess Onyx's editing equipment, does Laura have any chance of getting it back? Explain.
4 Assume that the bank had a perfected security interest and repossessed the editing equipment. Also assume that the purchase price (and the loan amount) for the equipment was $100,000, of which Onyx has paid $65,000. Discuss the rights and duties of the bank with regard to the collateral in this situation.
1 This chapter lists three requirements for creating a security interest. In the video, which requirement does Laura assert has not been met?
2 What, if anything, must the bank have done to perfect its interest in the editing equipment?
3 If the bank exercises its self-help remedy to repossess Onyx's editing equipment, does Laura have any chance of getting it back? Explain.
4 Assume that the bank had a perfected security interest and repossessed the editing equipment. Also assume that the purchase price (and the loan amount) for the equipment was $100,000, of which Onyx has paid $65,000. Discuss the rights and duties of the bank with regard to the collateral in this situation.
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Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller
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