Europeans started to enslave Africans.
They started to use slaves instead of indentured servants, because the investment was better. Indentured servants only served for a few years, and then were granted freedom, while slaves were purchased and used for their entire lives. The investment of a slave was better than an indentured servant.
That which the followers of Jefferson's political party supported is: fewer federal officeholders.
The Democratic-Republican Party was the party that was founded by Thomas Jefferson. This party was also known as the American Political party and the Jeffersonian Republic Party.
The followers of this party stood for a Republican America, Political equality, and Westward expansion.
In a society where most believed that the wealthy should rule the nation, members of this party believed in equality of political positions for white officeholders.
Jefferson believed in a limited government and the power of the state should have more rights than the federal government. His supporters believed that there should be fewer federal officeholders.
Learn more about the Democratic-Republican party here:
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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:
<span>Land for growing crops to export
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1. South Korea
2. Iran
3.Sri Lanka
4. Indonesia
5. Lebanon
