<span>Roosevelt asserted American power with the Monroe Doctrine. It outlined the fact that the United States would not be controlled by European countries.</span>
The Mughals did not follow any law of succession like the law of primogeniture. Consequently, each time a ruler died, a war of succession between the brothers for the throne started. This weakened the Mughal Empire, especially after Aurangzeb. It is generally believed by the historians that one of the major causes of the decline of the Mughal empire was the policy of conflict followed by Aurangzeb with the Rajput’s.
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Girolamo Savonarola, (1452- 1498), was an Italian preacher and theologian, who sought to reform the church and society in Florence and Italy. He became renowned throughout Italy after his attacks on the immoral and the corrupt clergy and his criticism of the ruling elite in Florence. After the overthrow of the Medici in 1494, Savonarola was the most influential figure in Florence, even though he never held office. His power was short-lived, and he ended his days on the gallows. However, he was a very important figure and was an immensely influential figure in Renaissance Italy and indeed Europe. This article will show that Savonarola was a key figure in the development of both the Reformation and the Counter-Reformation. Uniquely, he was to inspire figures such as Martin Luther and other leaders of the Reformation and also leading figures in the Catholic Church.
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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.
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