Preferable purchase of laptop

Assignment Help Strategic Management

Reference no: EM1321279

Jerry Eller purchases a laptop computer for $995 from the local Preferable Purchase electronics store. He charges the $995 amount on Preferable Purchase "instant credit," and the store has guaranteed him no finance charges if he pays the $995 amount within one year from the date of purchase.

Jerry purchased the computer for use in his business, Eller's Civil War Battlefield Tours, Inc. On any given week, Eller uses the laptop approximately 20 hours for the purposes of Eller's Civil War Battlefield Tours, Inc., and 10 hours to play the online video game "Gloom" (his favorite hobby.) One year passes, and Jerry does not pay any of the credit balance. After repeated attempts by Preferable Purchase's Credit Department to collect on the debt, Jerry still refuses to pay.

Does Preferable Purchase have a perfected security interest in the laptop computer? If not, why not? If so, what advantage(s) does that afford Preferable Purchase? What questions should Preferable Purchase have asked at the time of the sale?
*At least 1 paragraph in word length is needed

Additional Requirements

Min Words: 200
Max Words: 250

Reference no: EM1321279

Questions Cloud

Obtaining a test statistic and p-value : Obtain a test statistic and p-value. Interpret the results at = .01.

Find the mean and standard deviation of the total score : Calculate the mean and the standard deviation of the total score?

Trucks significantly having lower accident rate : Test the proportions of yellow fire trucks have a significantly lower accident rate.

Find the required sample size required : Find the required sample size required

Preferable purchase of laptop : Jerry Eller purchases a laptop computer for $995 from the local Preferable Purchase electronics store. He charges the $995 amount on Preferable Purchase "instant credit," and the store has guaranteed him no finance charges

Violation of the guideline for average patient : Does this sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket?

Functions of department store : Mention the following functions of a department store on the service-system design matrix: mail order (that is, catalogue), phone order, hardware, stationery, apparel, cosmetics, customer service (such as taking complaints).

Calculate a confidence interval for the average cost : Calculate a confidence interval for the average cost

Goal using one sided proportion : would this prove that they are exceeding their goal, using = .025?

User Account

All Pages