1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allochka39001 [22]
4 years ago
6

Suppose that the bankruptcy law firm had previously loaned $20,000 to Henry Anderson. The law firm filed a financing statement s

howing that the loan was secured by five mid-sized trucks. What would have happened with respect to this loan during the bankruptcy proceedings?
Business
1 answer:
pantera1 [17]4 years ago
8 0

Answer: This loan would would have priority over the other unsecured claims in this bankruptcy case.

Explanation:

Since the trucks are secured collateral the loan is a secure loan. It will be the priority in the bankruptcy case since the other claims were unsecured. The law firm would have a right to the trucks since he owed them 20,000$ and put them up as collateral.

Everything that was an unsecured loan does not have anything to take from and will be a loss for the other companies who filed against Henry Anderson.

You might be interested in
Economic agents who generate externality are distinct from those who experience them.
Vsevolod [243]

Answer:

The statement is: True.

Explanation:

Externalities are described as the effect of the actions of one party that influence directly in other individuals even if those other individuals have nothing to do in the operations of the first party. Externalities can be positive when they benefit the uninvolved individuals or negative when the externality affects them.

There are several types of externalities such as <em>technological, pecuniary, symmetric, asymmetric, transferable, depletable, non-depletable </em>and <em>transnational.  </em>

Asymmetric externalities are those where the party causing the externality is not affected by its actions. It opposes symetric externalities which are those where the economic agent is directly affected by its own actions.

6 0
4 years ago
Read 2 more answers
The definition of environmentalism is_____.
qwelly [4]

Answer:

C

Explanation:

because of the word "environmentalism" which gives meaning and purpose to the term as a group or movement.

8 0
3 years ago
5. The best way to find out if a particular business is a good fit for you is to
ipn [44]

Answer:

A

Explanation:

The question is saying, 'fit for you' therefore I think this is about the owner and not necessarily the consumer hence the potential owner should go and shadow

5 0
3 years ago
Read 2 more answers
50 points !!!!! Please help me!!! This is about Simple path to wealth by JL Collins
Irina18 [472]

Answer:

sorry need koren po ng point kasi mag a ask lang din nmn po ako thnks po:(

6 0
3 years ago
PLZ HELP ECON ?!!!!!
blsea [12.9K]

Answer:

Explanation:

you have to decresase it

8 0
3 years ago
Read 2 more answers
Other questions:
  • Your team has recently experienced some difficulties and setbacks. some of your teammates have expressed their lack of confidenc
    13·1 answer
  • The money multiplier equals:________.
    10·2 answers
  • What activities would a product owner typically undertake in the phase between the end of the current sprint and the start of th
    7·1 answer
  • You purchase one MMM July 129 call contract (equaling 100 shares) for a premium of $21. You hold the option until the expiration
    6·1 answer
  • In the case discussed, the Supreme Court held that the trademark for Coca-Cola was valid and banned another company from using a
    13·1 answer
  • Which of the following attributes was not cited as an important dimension of an effective measuring system for marketing?
    11·1 answer
  • Match the definition with the correct type of unemployment. Not all items will be used.
    9·1 answer
  • Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.60% of
    5·1 answer
  • __ offers users an "Ask a Librarian" feature to inquire about the library's collections.
    7·1 answer
  • What does the term “idle time” refer to in performance measurement?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!