Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Week 6 Discussion_16...
Key areas of responsibility for healthcare leaders according to the ACHE Code of Ethics 1. There should be ethical code of conduct with integrity, honesty, respect, fairness and justice. It is importa...

Week 6 Discussion
Week 6 Discussion

Key areas of responsibility for healthcare leaders

9.2 - Discussion Inf...
Railway transportation has been impacted by Information Technology (IT) in a positive manner mostly. This is because the real-time locations, the departure timings and destination reaching timings are...

9.2 - Discussion
9.2 - Discussion

Railway transportation has been impacted by Inform

Assignment 2_1667197...
The reign of Ashoka depicts the starting of the era where stone monumental sculptures in India have begun and it has gradually become a distinctive feature of the time period. In order to spread the t...

Assignment 2
Assignment 2

The reign of Ashoka depicts the starting of the er

Chapter 37 Question

Chapter 37 Question

Q 1. Victor sells to Bonnie a refrigerator for $600 payable in monthly installments of $30 for twenty months. Bonnie signs a security agreement granting Victor a security interest in the refrigerator. The refrigerator is installed in the kitchen of Bonnie’s apartment. There is no filing of any financing statement. Assume that after Bonnie has made the first three monthly payments: a. Bonnie moves from her apartment and sells the refrigerator in place to the new occupant for $350 cash. What are the rights of Victor? b. Bonnie is adjudicated bankrupt, and her trustee in bankruptcy claims the refrigerator. What are the rights of the parties?

View Related Questions

Solution Preview

View Complete Solution
A) In context to the mentioned circumstance, it can be stated that as of section 9-309(1), of the Uniform Commercial Code elaborates that no filing is actually required to set off any economic interest or pecuniary interest as per consumer goods (Mann & Roberts, 2019). It is because of this, the person mentioned in the scenario could flexibly sell away the appliances and at the same time, has complete right to recover from the unpaid balance left as of the purchase price value. But whatever, the scenario is, it can never be mentioned that the appliance can never be reposed from the purchaser just because it was brought up only for household usage.