Business, 06.05.2020 06:39, Alexandra001
Milt borrowed $200 from Femi. He agreed verbally that Femi could take possession of his books and keep them until he had repaid the loan in full. The next day, after Femi had the books in her possession, Orin offered to purchase the books from Milt for $150. Milt accepterd the offer and took Orin's money to retrieve the books from Femi, Femi, however, refused to give up possession of the books until she was paid in full. Both Milt and Orin now claim that Femi has no rights to the books because she does not have a signed security agreement and has not filed a financing statement. In this case, which of the following statements is true according to the Uniform Commercial Code?
A. Femi's security interest in the collection will protected only if she files a financing statement.
B. Femi's security interest is not attached in the absence of a written security agreement
C. Femi's possession of the collection satisfies the perfection requirement because it puts a
D. Femi's failure to file a public notice rejects the perfection of the agreement even though even though she maintained possession of the books. third party like Orin on notice of Femi's interest in the property. she is in possession of the collateral.
Answers: 3
Business, 21.06.2019 20:40, ernie27
Which of the following actions is most likely to result in a decrease in the money supply? a. the discount rate on overnight loans is lowered. b. the government sells a new batch of treasury bonds. c. the federal reserve bank buys treasury bonds. d. the required reserve ratio for banks is decreased. 2b2t
Answers: 2
Business, 21.06.2019 20:50, victory08
Your goal is to have $2,000,000. you have a total of $40,000 today. you invest the $40,000 and want to add to it each month. at 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now?
Answers: 2
Business, 22.06.2019 10:40, meillsss
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
Milt borrowed $200 from Femi. He agreed verbally that Femi could take possession of his books and ke...
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