Is the bank permitted to do so

Assignment Help Management Theories

Reference no: EM131494962

Question: The Bank of Babylon had a security agreement in connection with a loan to Cherno that authorized the bank, in the event of default, to enter Cherno's home and retake the collateral. Using a key, employees of the bank entered Cherno's home and seized the collateral. Is the bank permitted to do so? (Cherno v. Bank of Babylon, N.Y. 54 Misc. 2d 277)

Reference no: EM131494962

Questions Cloud

What is the strongest trait or part of this draft why : What is the strongest trait or part of this draft? Why? Does the author include opposing opinions and rebuttals - where? What could be improved

Preparation of a statement of financial position : Provide the journal entries necessary to account for the above transactions and events for the year ended 31 December 2016 for T. Padroni Ltd.

Define what ageism is : Define what ageism is. At what age does it generally begin? Summarize how ageism in the workplace affects employees?

Conduct research into several different organizations : Conduct research into several different organizations and explain what concepts they utilize to achieve an effective performance management system.

Is the bank permitted to do so : The Bank of Babylon had a security agreement in connection with a loan to Cherno that authorized the bank, in the event of default, to enter Cherno's home.

Discuss role of relationship or power in negotiation process : Discuss the role of relationship and power in the negotiation process. If your Boss has more power in the negotiation process for a higher salary, how would you

Review the case study of chrysler credit corp v koontz : Koontz financed the purchase of a car with a loan from Chrysler Credit Corp. When Koontz defaulted in payment, Chrysler sent a collection agency to repossess.

Write a paper to synthesize your ideas : Identify (3) three premises (reasons) from the Procon.org website that support your position and explain why you selected these specific reasons.

Feelings of low self-worth among lower-class individuals : In what respect do you agree or disagree with the instructor's assertion about the negative effects of capitalism on human relations.

User Account

All Pages