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elena-14-01-66 [18.8K]
3 years ago
7

On January 2, Burt asked Logan to loan him money "against my diamond ring." Logan agreed to do so. To guard against intervening

liens, Logan received permission to file a financing statement, and Burt and Logan signed a security agreement giving Logan an interest in the ring. Burt also signed a financing statement that Logan properly filed on January 3. On January 4, Burt borrowed money from Tillo, pledging his ring to secure the debt. Tillo took possession of the ring and paid Burt the money on the same day. The next day, January 5, Logan loaned Burt the money under the assumption that Burt still had the ring. Who has priority, Logan or Tillo? Explain.
Business
1 answer:
ELEN [110]3 years ago
4 0

Answer:

The answer is: Logan has priority.

Explanation:

Priority is always given to the party that files it first. In this case, Logan and Burt signed a security agreement on January 2 and a financing statement on January 3 that was filed by Logan.

On January 4, Burt sold his ring to Tiilo, but he did it after Logan filed the statement.  

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Judy has realized that she does not like working for others. She wants to open a business i n which she will have maximum contro
qwelly [4]

Answer:

<em>Sole proprietorship</em>

Explanation:

Judy has realized that she does not like working for others . She wants to open a business in which she will have maximum control and the least fro, government regulations . <u>Sole proprietorship</u> is best suited for Judy's needs.

<em>Sole proprietorship is the form of business in which a single person is responsible for all the decisions , that single person have full control over the business . </em>

Sole proprietorship is the form of business which is easy to form  with no legal formalities. There is a secrecy in Sole proprietorship . In  Sole proprietorship the interference of the government is minimum .Sole proprietorship facilitate quick decision making as he /she does not need to concern with others. In the sole proprietorship , the individual need not share his profit with other person . The overhead cost in Sole proprietorship is less.

In you need not to work under anyone, you just need to open it and run according to you , you have full control over it , as no one can say anything to you .

3 0
4 years ago
Mabel just got a new credit card that offers both an introductory APR and a standard APR. If the standard APR is 15.5%, which of
olasank [31]

Answer: Apex 5.5%

Explanation:

5 0
3 years ago
Read 2 more answers
Freedom Wine receives an average of $684,006 in checks per day. The delay in clearing is typically 1.3 days. The current interes
olga55 [171]

Answer:

$213.40

Explanation:

Freedom Wine

Maximum daily fee =

(Received average in check per day × delay in clearing days) × Current interest rate percent per day

Maximum daily fee = ($684,006 ×1.3) × 0.00024

=$889,207.8×0.00024

= $213.40

Therefore the highest daily fee the company should be willing to pay to eliminate its float entirely will be $213.40

5 0
3 years ago
Volcanic peaks that are below sea level but rise more than 1 kilometer above the deep-ocean floor and have a pointy top like an
zaharov [31]

Answer:

Seamounts

Explanation:

According to my research on studies conducted by various geologists, I can say that based on the information provided within the question the term being described are called Seamounts. This term (like mentioned in the question) are underwater mountains that rise hundreds or thousands of feet from the seafloor. They are believed to be extinct volcanoes that created piles of lava when they were active.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
In a CBA, if the benefits of a control outweigh the costs of implementing that control, then the control can be implemented to r
Ilya [14]

Answer:

The risk should be accepted

Explanation:

CBA stands for cost-benefit analysis (CBA). it is a technique used in measuring the cost to an enterprise as well as the benefit that is associated with an intended course of action.

Some controls are costly to establish, it is a standard practice to measure the cost to an enterprise to establish control on a certain aspect of their operation and compare the result with the estimated benefit from such control. where it is discovered that the benefits outweigh the costs, the control will be implemented otherwise, the firm should accept the risk.  

6 0
3 years ago
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