What if clark intended to use the television set in his home

Assignment Help Marketing Research

Reference no: EM131321401

Aaron bought a television set for personal use from Penny. Aaron properly signed a security agreement and paid Penny $125 down, as their agreement required. Penny did not file, and subsequently Aaron sold the television for $800 to Clark, his neighbor, for use in Clark's hotel lobby.

a. When Aaron fails to make the January and February payments, may Penny repossess the television from Clark?

b. What if, instead of Aaron's selling the television set to Clark, a judgment creditor levied (sought possession) on the television? Who would prevail?

c. What if Clark intended to use the television set in his home? Who would prevail?

Reference no: EM131321401

Questions Cloud

Bond interest payable quarterly : Andy wishes to sell a bond that has a face value of $1049. The bond bears an interest rate of 12.56% with bond interest payable quarterly. Three years ago, $1255 was paid for the bond. At least a 15.88% return (yield) on the investment is desired.

Maximum you can afford to borrow to purchase this car : our spouse needs a car and you believe you can afford no more than $350 a month for a 5-year car loan. If the interest rate on this loan is 5% percent, what is the maximum you can afford to borrow to purchase this car? You are borrowing $19,500 to bu..

Determine the sustainable growth rate of firm : 1. Which one of these combinations will provide sufficient information to determine the sustainable growth rate of a firm? Which of the following life insurance policies provide the highest benefit, for the lowest premium, and is simply a pure death ..

Explain how the price of the stock is determined : Explain the concepts of intrinsic value and economic value added for Federal Express and United Postal Service, using the SEC website. Explain how the price of the stock is determined. Discuss financial (e.g., ratios and balance sheets analysis) and ..

What if clark intended to use the television set in his home : What if, instead of Aaron's selling the television set to Clark, a judgment creditor levied (sought possession) on the television? Who would prevail?

Find the stability function and the stability region : By considering the LTE, deduce the order of convergence of that scheme.- Find the stability function and the stability region of that scheme.

Show all the payments on the three-year interest rate : Assume that there is no difference between trade date and effective date, and that the payments fall on the corresponding semi-annual maturity dates with no adjustment for holidays. Finally, assume that the rates are paid on a 30/360 basis.

Is totally eliminating the need for overtime a possibility : Based on the three-unit organization, how many firefighters should be assigned to each unit to minimize the need for expensive overtime pay?

Statements is correct concerning ratio analysis : Investors paid a total of $200,000 to acquire common stock in a firm. What is the book value of that firm? Which one of the following statements is correct concerning ratio analysis?

User Account

All Pages