Is charlis able to redeem the property

Assignment Help Operation Management

Reference no: EM133276708

Assignment:

Gateway sold a big-screen TV to Charlis for $2,000 on credit. Charlis signed a promissory note and gave Gateway a security interest in the TV. Gateway filed a financing statement in the appropriate public office. When Charlis defaulted on her monthly payments owing a balance of $1,780, Gateway's attorney made arrangements to have the TV repossessed. The attorney then placed classified ads in the local newspaper to sell the good. The attorney's fees are $300, the repo company charged $150, and the advertising costs are $50.

(A) Is Charlis able to redeem the property?

(B) If Charlis does not redeem and the TV is sold for $1,750, how will the money be distributed?

Reference no: EM133276708

Questions Cloud

How does history affect the quality of products : In 1999 Nissan was rescued from impending bankruptcy, how does Operation Management help this kind of situation?

What kind of challenges might this problem create : PSY 100 -012 Western Kentucky University What are some of the challenges in identifying what motivates others? What happens when our inferences about others

Do you think is anticipating disaster is still beneficial : Do you think is anticipating Disaster is still beneficial? Or it just implies cost and expenses that possibly takes negative effect to the organization?

What do we mean by credible source : PSYCH 600 University of Phoenix What do we mean by "credible source" and why would credible sources be important in developmental psychology

Is charlis able to redeem the property : Is Charlis able to redeem the property? If Charlis does not redeem and the TV is sold for $1,750, how will the money be distributed?

How can someone love someone else who is different : PSYCH 111 Brigham Young University Can you apply anything you have learned in this class to help you increase your capacity to love someone? How can someone

Provide the child a consent form : PSYCHOLOGY 214 Monroe College provide the child a consent form that takes into account the involvement of the parents or guardians in the counseling process

Developing a plan for company formal ethics communication : You are a top executive charged with developing a plan for the company's formal ethics communication.

Explain your role, the boundaries and code of practice : Explain your role, the boundaries and code of practice. Use your active listening skills including questioning to identify the client's needs and those of her

User Account

All Pages