Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Discuss Florida State version of the section 9-501 of the Uniform Commercial Code. Where must a financing statement be filed in your state to

1. Discuss Florida State version of the section 9-501 of the Uniform Commercial Code. Where must a financing statement be filed in your state to perfect a security interest? Would it be the same office if filing were required in the state of washington? 2. Are the following "entities" under the Bankruptcy Code? *A relative who lent the debtor money *A partnership that sold the debtor goods on credit *A corporation that sold the debtor goods on credit *An estate that sold the debtor heirlooms on credit * A trust fund that owed the debtor wages for services *A school district that owed the debtor money for services * The united stated trustee 3. Ted, Alice, Bob and Carol formed a partnership for the sale of hot tubs. Under the partnership, Ted and Alice were to manage the business. Bob and Carol contributed most of the money for start-up costs and were silent partners. The partnership agreement provided that all profits would be divided equally among the four. Within six months, business failed and the partnership filed for bankruptcy under Chapter 7. Are Ted, Alice, Bob, and Carol equity security holders

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text And Cases

Authors: Kenneth W. Clarkson, Roger LeRoy Miller

15th Edition

0357129636, 978-0357129630

More Books

Students also viewed these Law questions