Clarkson, K., & Miller, R. (2021). Business Law: Text and Cases (15th ed.). Cengage.

After receiving your MBA from Columbia College, you are a new manager at Acme Asset Management (AA). Your boss comes to you with some documents, and she asks you to process them.

AA has purchased several promissory notes from several retail stores. Those retail stores offered credit cards to customers, and the stores became payees on promissory notes.

AA has also purchased notes from financial institutions that have lent money for people to buy real estate and vehicles. Some of the vehicle buyers are private owners, and some of them are car dealerships. Some of the real estate owners are homeowners, some are real estate developers, and some are landlords. Some of the debt may be secured.

The makers of the notes refuse to pay.

Explain to your boss all the issues you see that might help AA get paid, and might prevent AA from getting paid, for those notes.