Business law ch37-39

P793 #2

P819 #2&3

P846 #3

collateral is not always easy. Classifty the following collateral:ways Burms Rentals leases and sels TV sets and sets and cars Burns obtains tinancing from City Ban him to buy twenty-five cars and TV sets. Burns has fifty cars on his lot for lease. a. one hundred new s sells a truck to Boyce and retains a security interest in the truck. Boyce uses the truck exclu- sively for weekend camping and fishing trips. Burns assigns Boyce's promissory note agreement to City Bank as collateral for a loan Burns Rentals buys three hundred new Philco TV sets for his annual summer sale. Classify the TV sets in the hands of Philco; in Burns's possession. Virgil, owner of Virgil's Truck City and Bar buys a TV set during the sale. The set is delivered to Virgil in its original carton and put in the back of his sixteen- wheeler. What type of goods did Virgil buy? C. d. and security e. f. When Philco sells TV sets to Burns, it packages them in special shipping cartons, using packaging materials such as Styrofoam and excelsior. Philco maintains a large supply of these materials. urns has a large supply of diesel fuel and oil for g. B his fleet of trucks. collateral is not always easy. Classifty the following collateral:ways Burms Rentals leases and sels TV sets and sets and cars Burns obtains tinancing from City Ban him to buy twenty-five cars and TV sets. Burns has fifty cars on his lot for lease. a. one hundred new s sells a truck to Boyce and retains a security interest in the truck. Boyce uses the truck exclu- sively for weekend camping and fishing trips. Burns assigns Boyce's promissory note agreement to City Bank as collateral for a loan Burns Rentals buys three hundred new Philco TV sets for his annual summer sale. Classify the TV sets in the hands of Philco; in Burns's possession. Virgil, owner of Virgil's Truck City and Bar buys a TV set during the sale. The set is delivered to Virgil in its original carton and put in the back of his sixteen- wheeler. What type of goods did Virgil buy? C. d. and security e. f. When Philco sells TV sets to Burns, it packages them in special shipping cartons, using packaging materials such as Styrofoam and excelsior. Philco maintains a large supply of these materials. urns has a large supply of diesel fuel and oil for g. B his fleet of trucks