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

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

From business law perspective

From a business law perspective what a budding entrepreneur should know in order to successfully establish a domestic trading business in children’s garments where internation

What is strategic leadership

What is strategic leadership, who has primary responsibility for strategic leadership, and what are the five key strategic leadership actions?provide examples with your respon

Calculate the average waiting time for the helpdesk

You have been hired by a company at the helpdesk. The calls arrive at random according to a Poisson distribution and calls durations last according to an exponential distribut

Decide on the mix of products to produce

A manager must decide on the mix of products to produce for the coming week. Product A requires three minutes per unit for molding, two minutes per unit for painting, and one

Average time in minutes that student will be in bookstore

A college bookstore opens a booth and buys back used books during final exam week. From 9 to 12 in the morning students arrive at the rate of 40 per hour. The bookstore employ

Worth to replace the agent with the specialist

An immigration agent at an airport, on an average, could process 14 entrants in one hour, if he was busy all the time. On an average, an entrant arrives at his station at ever

Likely international business consequences

Pick one current US presidential candidate (it does not have to be the one you prefer). Assume this person becomes the US president and does apply his / her program. Explain 2

Reviews

Write a Review

 
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