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In 2002, Michael Sabol, doing business in the recording industry as Sound Farm Productions, applied to Morton Community Bank in Bloomington, Illinois, for a $58,000 loan to expand his business. Besides the loan application, Sabol signed a promissory note that referred to the bank’s rights in “any collateral.” Sobal also signed a letter that stated, “the undersigned does hereby authorize Morton Community Bank to execute, file and record all financing statements, amendments, termination statements and all other statements authorized by Article 9 of the Illinois Uniform Commercial Code, as to any security interest.” Sable did not sign any other documents, including the financing statement, which contained a description of the collateral. Less than three years later, without having repaid the loan, Sabol filed a petition in a federal bankruptcy court to declare bankruptcy. The bank claimed a security interest in Sabol’s sound equipment. What are the elements of an enforceable security interest? what are the requirements of each of those elements? Does the bank have a valid security interest in this case? Explain.
Using either your current employer or a company with which you are quite familiar, identify one particular type of queue in that company in which customers must wait. Describe the essential features of the queue and then identify what you believe to ..
The three hundred gallons of a mixture containing 75.0wt% ethanol (ethyl alcohol) and 25% water (mixture specific gravity=0.877)
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These days, online retailers are a dime a dozen. But in a short period of time, Zappos has become a billion-dollar e-tailer. How did it hit the dot-com jackpot? By providing some of the best service available anywhere. Describe Zappos’ market offerin..
The definition of Developmental Policy Initiatives in labor law? The definition of Regulatory Policy Initiatives inn labor law?
An assembly line is to be designed to operate 7 1/2 hours per day and supply a steady demand of 300 units per day. Here are the tasks and their performance times:
identify common political factors for an mnc to consider when assessing country risk. briefly elaborate on how each
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Identify five different kinds of questions used in interviews. Explain each one in terms of its purposes and uses as well as the goals this type of question can help an interviewer attain.
What types of information can we learn about the project by reviewing the project schedule and all the information used to generate it?
Apply IOM (International Operations Management) concepts/tools to solve problems in managing international operations.
What role should an organization development practitioner play in ensuring that the organization successfully transitions to the point where change has become institutionalized
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