Question
Business Law Question Assume MCC filed for bankruptcy on November 1, 2019. In the bankruptcy proceedings the facts will show the following: On June 1,
Business Law Question
Assume MCC filed for bankruptcy on November 1, 2019. In the bankruptcy proceedings the facts will show the following:
On June 1, 2019 MCC bought $25,000 worth of computers from Computer Sales. Computer Sales agreed to finance them. MCC got possession of these computers for their inventory on June 3, 2019. Computer Sales overlooked filing the financing statement until June 25, 2019.
In each of the above tell me whether the trustee gets the property or whether the respective lender gets the property. You must fully explain each answer with the correct rules. Each one is worth 10 points.
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