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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.
Conducy an Internet search on the topic of the expected-value decision rule. Discuss your findings. In you discussion, review how the expected-value decision rule played a part in a recent decision you made. Please provide references and sources,
Why might an organization benefit from giving employee development opportunities to a dysfunctional manager, rather than simply dismissing the manager? Do these reasons apply to non management employees as well?
Computer-aided design (CAD) refers to the use of specialized computer programs to direct and control manufacturing equipment. The purpose of process control is to detect when natural causes of variation are present. A process map with the addition of..
"Fast Food Franchise" Please respond to the following: Choose two fast food franchises, such as McDonalds and Burger King, and examine their facility layouts. Compare and contrast both food franchises, and discuss the differences in their layouts.
What features of the workplace have been linked to lower stress, and is there any evidence they could be implemented without a huge investment and lowering productivity?
your essay to each question should be at least 150 words in length and include an introduction a body and a
How much and what types of wine should be produced in order to maximize the profit?
This is the central and main part of the project which contains the actual work done during the project. The main requirement is that you need to structure the report so that it is clear and structured in a way that makes sense. Grammar and spelli..
If the copy center reorders when the supply on hand is 12 boxes, compute the risk of a stockout.If a fixed interval of seven weeks instead of an ROP is used for reordering, what risk does the copy center incur that it will run out of stationery bef..
The tennis club has a number of inventories it must manage and must minimize all its expenses to stay in business. For each inventor, describe a goo management policy or system
For the four basic configurations that follow, assume that the market is demanding product that must be processed by both Resource X and Resource Y for Cases I, II, and III. For Case IV, both resources supply separate but dependent markets; that is, ..
What are the privacy requirements under HIPAA? Explain why confidentiality of health information has been a controversial public policy issue. Give a real world example.
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