Answer:
My Car: I bought my car in 2015 from one of the local dealers. The Creditors can also use my car that currently as collateral. The car registration book has my name inscribed on it hence I own the vehicle. In the event of a need for credit, the creditors would lend me money worth the car. An attachment would occur when I sign the creditor’s contract with the bank in the condition of the car as the security.
My Land: Apparently I was deemed the legal owner of the land because I possessed an authenticated original title deed pertaining to the land with my name written on it. I signed the security agreement or the credit contract and as such the bank gained interest in the collateral hence attachment.
My AC: For the AC, a similar procedure has to happen in a secured credit transaction. Given that, I have all the receipts about the AC, I can use it as collateral. The creditors can lend an equivalent value to the AC. To seal the security agreement, I would sign the credit contract hence an attachment.
For each of the three items, explain if and when perfection occurred.
According to Distenfield & Distenfield (2005), the perfection of a security interest is the act of ascertaining one’s interest in a collateral hence preventing other parties from creating an attachment to the same collateral. Such parties would include other creditors and bankruptcy trustee among others. For the land, the creditor would perfect its interest by possessing the title deed pertaining to the land. Alternatively, the creditor would perfect its interest in the land collateral by filing a financial statement with the necessary public office. Just like the land, the creditor can possess the car's registration book hence perfection. Lastly, the creditor possesses the AC collateral hence perfecting in the collateral.
Explain the priority each of the creditors would have if you defaulted on your promise to pay
In an event of my failure to pay the already secured credit transaction, the creditor would obtain the collateral in lieu of the payment. The priorities of the creditors should only pick the items listed as securities and only those he or she has a security interest. For example, the creditor cannot take personal property or the home as collateral if it was not part of credit contractual agreement.
Explanation:
Answer:
Gavrilo Princip
Explanation:
Princip was the Serbian who assassinated Archduke Franz Ferdinand, which sparked World War I. Following World War I, Russia weakened as it cannot take on providing a second front for the Allies as well as fighting a civil war. Russia lost against the communist forces, which led to the Communist rise to power, effectively eliminating Russia from World War I. Enter in the U.S.S.R, which then made dealings with Germany, in which they were able to take satellite countries for themselves in Europe. They then joined the Allied side & helped defeat the Axis, which in turn granted them territories, which helped expand their sphere of influence. As the Market Economy & Command Economy are on the opposite spectrum, and with the arms build up, the world entered into the Cold War.
Without Princip assassinating Archduke Franz Ferdinand and his wife, none of this may have happened.
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Answer:
Large-scale Mexican-U.S. migration has changed social, economic, and cultural life on both sides of the border. Migration to the United States can offer increased earnings and savings accumulation (Gathmann 2008).
South Carolina is the state where the secession crisis started.
Answer:
Explanation:
This was because Texas was a one party state, and in a one party state, the candidate that wins the primary election is most likely to also win the general election.
A one party state is a state in which the existing constitution permits only one political party to from the government, while the other parties have limited participation in the elections or are outrightly outlawed.
