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sammy [17]
3 years ago
15

Which country is LEAST likely to have a large percentage of its population engaged in agribusiness activities? (3 points)

History
1 answer:
Nat2105 [25]3 years ago
7 0

The correct option is United State

In 2010, the private sector accounted for an estimated 55.3% of the US economy, the federal government's activities amounted to 24.1% and the activity of state and local governments occupied the remaining 20.6%. Although the US economy is post-industrial, since the services sector contributes 67.8% of GDP, the nation continues to be an industrial power, while in the business field, the leading activity for its income is retail trade. wholesale and retail; by net income is the industry, with the chemical industry being the most important, the United States is the third largest oil producer in the world, as well as the largest importer of this product. It is also the number one producer of electric power and of nuclear energy, as well as liquefied natural gas, sulfur, phosphates and salt. <u><em>While agriculture represents less than 1% of GDP</em></u>

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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.

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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:

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