Determine which party is in the best position to prevail

Assignment Help Operation Management
Reference no: EM132092489

Secured Transactions

After receiving a promotion to logistics manager, Shantil’s husband, Ashton, purchased a 2017 BMW SUV for $68,000; however, he financed $48,000 through First Florida Banc. The bank took a security interest in the vehicle. Ashton was out of town for work when Shantil found out he had been having an affair. Shantil took a baseball bat and broke the windows and put dents in the BMW. Shantil then dropped the car off at the girlfriend’s apartment. Ashton was furious. After taking the car to a body shop for repairs, Ashton was unable to pay the bill due to the divorce, so he negotiated terms with the body shop; however, the shop retained possession of the vehicle. The repair shop claimed a lien on the car for services and materials in the amount of $21,250. Ashton stopped making payments to the bank while he was trying to save money to pay off the repair. First Florida Banc claimed priority.

-Discuss the rights of each party and determine which party is in the best position to prevail.

Reference no: EM132092489

Questions Cloud

Review problem of swifty company : Swifty Company finances some of its current operations by assigning accounts receivable to a finance company. On July 1, 2017, it assigned, under guarantee.
Discuss some of the common pitfalls associated : Discuss some of the common pitfalls associated with the system acquisition process and how those issues can be avoided.
Influence on diversity and inclusion of the bhopal disaster : Discuss the cause, impact, and influence on diversity and inclusion of the Bhopal Disaster in December 1984?
What is the book value of the plant asset : What is the book value of the plant asset on the December 31, 2014, statement of financial position assuming that Holt Company uses
Determine which party is in the best position to prevail : Discuss the rights of each party and determine which party is in the best position to prevail.
Why does jim believe the stock is undervalued : Your friend, Jim Kramer, is telling you about a stock that he believes is extremely undervalued. He wants you to invest a large portion of your 401k in it.
List two semi-structured interview questions : List two semi-structured interview questions that you would ask a physician or registered nurse as part of your preparation for the transition.
Discuss main arguments for and against equal opportunities : This class is Managing Diversity: Toward Globally Inclusive Workplace. Discuss the main arguments for and against the “equal opportunities” school of thought?
Research a minimum of four articles on big data : Research a minimum of four articles on big data, its usefulness in healthcare, and achieving the goal of improving patient outcomes.

Reviews

Write a Review

Operation Management Questions & Answers

  What is the percentage change in labor productivity

What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?

  Physical inventory on the horizontal axis

The ABC inventory matrix shows an ABC inventory classification based on annual usage on the vertical axis and an ABC inventory classification based on physical inventory on the horizontal axis.

  Find the conference mission statement

Below you will find the conference mission statement, a map of all current Big 12 member institutions, a table of specifics about each institution, and pertinent information about potential cities where the office could be located

  Write a paper identifying interactional leadership style

Write a short paper identifying Interactional leadership style by conducting some research into that style and write a post.

  American citizen enjoy some fundamental right to healthcare

Does every American citizen enjoy some fundamental right to healthcare? If yes, where does that right originate from?

  Draw a cause-and-effect diagram

Draw a cause-and-effect diagram that assesses why some of the company’s supply chain partners might have struggled to implement some of the company’s newly developed materials. Summarize your findings from the diagram. Refer to Nissan case study or i..

  Role in someone getting involved in a cult

In what ways do you believe that the need for belonging can play a role in someone getting involved in a cult?

  Produce higher level of employee commitment in position

Think about a job that you have held at some time in your lifetime. (If you have never worked, focus upon a position with which you are familiar). Apply the concepts of job enrichment to the position you held. How could these enrichment actions be le..

  How you see the expression of art reaching across cultures

Discuss the ways in which you see the global world reflected in what you see, hear, and experience through the world of music, art, dance, architecture, or food, and discuss how you see the expression of art reaching across cultures.

  Explain how cousins strategic supply wheel

Explain how Cousins' strategic supply wheel can help an organization which is considering moving away from price-based procurement and policies.

  What is the throughput time for average product

Finishing a product takes 4 processes: Process 1 takes 5 minutes and has 5 machines Process 2 takes 8 minutes and has 2 machines Process 3 takes 3 minutes and has one machine Process 4 takes 5 minutes and has two machines. If there are currently 60 p..

  Discusses how specific controversy

discusses how a specific controversy or event negatively affected a sponsorship deal.

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