Uncas has approached your spouse and asked them to invest $25,000.00 in Uncass most recent venture. This venture is somewhat related to Uncass work as an independent contractor for a business that Uncas has regularly worked for since 8 years ago and Uncas receives income depending on how successful his ventures are. With the prior failures of Uncas fresh on your mind, youre hesitant, but your spouse is insistent. The two of you agree that the money will be loaned, but you are able to incorporate any conditions you would like. Now is your chance to utilize your newly found skills of debtor/creditor law, bankruptcy, and agency! It is helpful to know the following information:

Uncas owns a quaint house in the Heritage Hills District of Oklahoma City, valued at $450,000 with $250,000 remaining owed on the mortgage.

Uncas is unmarried and has three (3) vehicles: 1969 Ford Mustang - $19,000, with no lien.

2000 Ford Explorer - $7,000, with no lien.

2018 Chevy Silverado - $30,000, with $25,000 owed on the lien.

Uncas also has a fair assortment of firearms, jewelry, and designer clothing.

Your task is to:

1.Describe with specificity two (2) things that could be done relevant to secured transactions that would help protect your investment.

2.Describe your standing, should Uncas file for CH 7 bankruptcy.

3.Make the best argument possible to apply joint and several liability for the investment on the employer, in the event the investment is ultimately squandered.