Superior security interest in the equipment

Assignment Help Operation Management
Reference no: EM131134092

On January 1, Y-Company purchased equipment for $425,000 from Big Corporation for use in its manufacturing process. Y-Company paid for the equipment with funds borrowed from New York Bank. Y-Company gave New York Bank an authenticated security agreement covering Y-Company’s existing and after-acquired equipment. On January 10, Y-Company was petitioned involuntarily into bankruptcy under Chapter 7 of the Federal Bankruptcy Code. A bankruptcy trustee was appointed. On January 19, New York Bank duly filed a sufficient financing statement. Which of the parties will have a superior security interest in the equipment? Explain in legal terms.

Reference no: EM131134092

Questions Cloud

Discuss each of the five points in hamiltons five point plan : Describe and discuss each of the five points in Hamilton's five point plan. What compromise was necessary in order for Jefferson and his supporters to agree to Hamilton's plan?
Assists you in formulating and reinforcing ideas : Writing, as a practice, assists you in formulating and reinforcing ideas while also identifying gaps or areas of content that need expansion or improvement. For this reason, you will examine several behavioral interview questions and prepare respo..
How much money has he been losing with this practice : Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. Calculate the optimal order size and the correspondi..
How social determinant may influence the health issue : Consider the social determinant of health and how they may influence the health Issue for mental health among adults?
Superior security interest in the equipment : On January 1, Y-Company purchased equipment for $425,000 from Big Corporation for use in its manufacturing process. Y-Company paid for the equipment with funds borrowed from New York Bank. On January 19, New York Bank duly filed a sufficient financin..
Write one-page funeral policy for officer who commit suicide : Acting as the head of your organization, write a one-page funeral policy for officers who commit suicide. Also include a page cover memorandum explaining your reasoning for your policy decision (a total of 2 pages in APA).
Summarize mintzberg work with archetypes : Write a 3+ page, double-spaced essay: Explain the organizational archetypes as described by Mintzberg and discuss how organizational structure influences innovation.
Security agreement covering the computer : WalMart sells computers to the public. WalMart sold and delivered a computer to Jess on credit. Jess executed and delivered to WalMart a promissory note for the purchase price and a security agreement covering the computer. Jess purchased the compute..
Identify appropriate management solutions to address : Identify the appropriate management Solutions to address identified issues (20%)

Reviews

Write a Review

 

Operation Management Questions & Answers

  Analyze how communication in groups differs

Analyze how communication in groups differs from individual communication.

  Develop a decision tree

Even though independent gasoline stations have been having a difficult time, Susan Helms has been thinking about starting her own independent gasoline station. Susan's problem is to decide how large her station should be.

  Define types of organizations

Define these types of organizations: (1) strategic alliances, (2) learning, and (3) high-involvement. What skills will you need to work effectively in these types of organizations? Would you enjoy working in these environments?

  Which of the given is considered an organizational

a which of the following is considered an organizational blueprint which prescribes the quantity and time frame for

  What is the lower and upper specification limit

The length of a bar is expected to be cut to a length of 2.25±.03 inches. A quality manager measures the cut bars and finds the sample mean of the length of the bar to be 2.259 inches, with a standard deviation of .007 inches. What is the lower and u..

  Create an extra node to balance supply and demand

The Griffins, Browns, Swansons, and Quagmires are going on their annual family picnic. Four cars are available to transport the families to the picnic. The cars can carry the following number of people: Create an extra node to balance supply and dema..

  Elucidate how would you manage an organization motors

A sugar mill receives sugar cane from farmers, extracts juice, boils it into syrup, also n crystallizes syrup into raw sugar. Elucidate how would you manage an organization manufacturing motors in a turbulent also dynamic environment.

  What are some key challenges in terms of achieving

With respect to a firm's supply chain design, what are some key challenges in terms of achieving an optimal level of mass customization?

  How are the three characteristics of effective teams evident

How are the three characteristics of effective teams evident in each of Turkmens five stages of team development? Provide examples to support your response

  Collection of bonds to maximize the annual return

A trust officer at the BN bank needs to determine how to invest $100,000 in the following collection of bonds to maximize the annual return. Bond Annual Return Maturity Risk Tax-Free A 9.5% Long High Yes B 8.0% Short Low Yes C 9.0% Long Low No D 9.0%..

  International decision making process

Your task is to compare and contrast Groupthink and the Abilene Paradox in the international decision making process. How are they similar and how might they differ? Is it possible that they are ever forces for the “positive”? Your discussion should ..

  Set up a production plan that minimizes cost

Assuming that back orders are not permitted, set up a production plan that minimizes cost using the transportation method.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd