Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have the assignment listed below. My three items are my car (have a car loan), furniture (purchased on credit), computer (purchased on credit). I

I have the assignment listed below. My three items are my car (have a car loan), furniture (purchased on credit), computer (purchased on credit). I am not sure when/if attachment and perfection occurred, and what does it mean by "expain the priority the creditors would have"?

In this module, you have learned about securities, as well as when attachment and perfection occurs. For this assignment, think of three items you personally have that involve a security. If you do not actually have any security interests, list three items that you can envision having in the future, and complete the assignment as if you currently hold them.

1. List the three items you chose.

2. For each of the three items, explain if and when attachment occurred.

3. For each of the three items, explain if and when perfection occurred.

4. Explain the priority each of the creditors would have if you defaulted on your promise to pay.

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

Step: 3

blur-text-image

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

Criminal Law

Authors: Jonathan Herring

12th Edition

1352012049, 978-1352012040

More Books

Students also viewed these Law questions

Question

What is a (a) dichotomous variable? (b) binary variable?

Answered: 1 week ago

Question

What is the bit length of an IPv 4 address

Answered: 1 week ago

Question

a sin(2x) x Let f(x)=2x+1 In(be)

Answered: 1 week ago

Question

Make eye contact when talking and listening

Answered: 1 week ago

Question

Do not go, wait until I come

Answered: 1 week ago

Question

Pay him, do not wait until I sign

Answered: 1 week ago