Regarding secured transactions

Assignment Help Operation Management

Reference no: EM132264564

Answer both of the following questions regarding Secured Transactions.

Explain how attachment of a security interest is obtained under Article 9 of the UCC. Explain the difference between attachment and perfection.(Hint: Chapter on Secured Transactions).

Larry purchased a washing machine, freezer and a refrigerator from Rex Appliances on credit, giving Rex a security interest in the appliances. The appliances were for Larry’s household use. Rex did not file a financing statement. Six months later, Larry had a garage sale and sold the appliances to Mr. Roper. Mr. Roper bought the appliances for his student rental property. Larry left town owing money on the appliances. If Rex can trace the appliances to Mr. Roper, can Rex repossess the appliances? Why or why not? (Hint: Chapter on Secured Transactions).

Reference no: EM132264564

Questions Cloud

The future in hopes of improving the quality : Tesla is moving forward in the future in hopes of improving the quality of its electric cars to allow them to become more relevant,

Compare different tools for analyzing business environment : Compare different tools for analyzing the business environment. you can consider SWOT, PESTLE, Porter's 5 forces, Sigma, DMAIC, Boston Matrix.

Find that the turnover is problematic : Assume that you find that the turnover is problematic. Particularly, you discover that the turnover for non-exempt staff is 42%

Communicates through application to the caregivers phone : A car seat with the nanotechnology that communicates through an application to the caregivers' phone(s).

Regarding secured transactions : Explain how attachment of a security interest is obtained under Article 9 of the UCC. Explain the difference between attachment and perfection.

Plan production for four-month period : Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast.

Determine the viability of product : You are to develop a new product concept and research the demand, proposed product attributes, and other factors that will determine the viability of product

Disease has incidence of one percent in population : Suppose a disease has a incidence of one percent in the population.

Describe six components of the organization supply chain : Provide a background of the organization and fully describe six components of the organization's supply chain.

User Account

All Pages