In the video game Fun with Fund$, the goal is to correctly calculate debt, identify the debtors'

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In the video game Fun with Fund$, the goal is to correctly calculate debt, identify the debtors' assets, prioritize the creditors' interests, and accurately balance these categories to come to a financial resolution. In one segment, Agile Corporation borrows $1 million from Hi Finance Company (HFC). Agile signs a financing statement that describes the collateral-its inventory and proceed-and HFC files the statement in the appropriate state office. Using the same collateral, Agile later borrows $500,000 from Metro Bank, which files its financing statement. Agile defaults on the loans. Metro claim that at the time of its loan, it was unaware of HFC's interest. Between these parties, who has priority to the collateral? Discuss your answer.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Global Marketing management

ISBN: 978-0470505748

5th edition

Authors: Masaaki Kotabe, Kristiaan Helsen

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