Is the security under agreement still enforceable

Assignment Help Operation Management

Reference no: EM132145842

You just recently completed a loan to Bill Beaumont, a customer, so he could buy a $60,000 new car. You completed the required paperwork at the time of the loan, including a written financing statement, giving the bank a security interest in the new car. After several months of Bill not paying on the car, the bank decides to repossess the car and sell it to repay the defualting loan. Although the financing statement between Bill Beaumont and the bank was correctly perfected at the time it was completed. You now discover that Bill’s full name is actually William Beaumont. Is the security under the agreement still enforceable?

Reference no: EM132145842

Questions Cloud

How many customers can be served per day : What are some problems with measuring too many things? How many customers can be served per day if the process operates 10 hours per day?

What should your firm communicate to customers : If your product is pre-announced but then not ready by that date, what should your firm communicate to customers? Explain your thinking.

Violations of internal control characters : Violations of Internal Control Characters: Chris, New Distribution Supervisor at a large candy manufacturer Bob, Inventory Control Manager,

Define diversity audit-what does diversity audit entail : Define “Diversity Audit”. What does a diversity audit entail? How might a diversity audit positively or negatively shape an organization’s strategy?

Is the security under agreement still enforceable : You now discover that Bill’s full name is actually William Beaumont. Is the security under the agreement still enforceable?

Potential unethical or illegal action has taken place : The fraud detection committee has received information that a potential unethical or illegal action has taken place at our retail facility in New York

Strategic advantages-disadvantages of different entry modes : In this assignment, you are required to write about the strategic advantages and disadvantages of different entry modes.

How does conflict arise in organizational negotiations : What causes impasses and intractable negotiations? How does conflict arise in organizational negotiations?

HR staff to use in terms of organizational incentives : PTO policies have become good tools for HR staff to use in terms of organizational incentives. Explain your system and why you think this system is best system.

User Account

All Pages