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Illusion [34]
3 years ago
14

Dennis purchased a big-screen television from ABC Electronics and financed the purchase through ABC Electronics based on an agre

ement granting ABC Electronics a security interest in the television and requiring that Dennis make monthly payments. Three months later, Dennis was unable to continue making payments on the television because he had bought a boat, a new car, an expensive engagement ring for his girlfriend, and some other items. The manager from ABC Electronics called and asked Dennis to return the television. Dennis refused on the basis that ABC Electronics never perfected its interest in the television. Which of the following is the correct designation for the television in the agreement between Dennis and the electronic store? a. Pledged goods b. Acknowledged goods c. Illegal security d. Defined security e. Collateral
Business
1 answer:
svetoff [14.1K]3 years ago
4 0

Answer:

e. Collateral

Explanation:

Collateral refers to the security given by the person in order to secure the right of the creditor.

As for example, if I take a loan from bank and then sign an agreement to pay in installments, then the bank might secure its payment through a collateral to be paid by me. For this I might give the bank papers of my house.

In the given case also, Dennis took the Television in exchange of money promised to be paid in installments. Further as for collateral he provided the owner the right to take back the television.

Thus, there is a collateral provided, and since he has defaulted in payment owner has the right to collect television back.

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Information technology has advanced dramatically within the last 25 years or so. At the same time there have been significant sh
Karo-lina-s [1.5K]

Answer:

Did the technology push the changes in the world, or was it the other way around? What evidence is opinion based upon or how did you draw your conclusions?

In my opinion the world started to change during the 1970s when Steve Jobs introduced the personal computer. Before him, only huge corporations could afford computers since they were huge and costed millions. Since then, information technology (IT) has increased in gigantic steps and when the internet was available for public use, the world as we know it changed.

When the world was struggling again during the great recession, my hero came back and changed the way IT industry again with the iPhone and the whole app culture. I am a little over 25, and I can tell that everything was very different when I was a small kid. You actually needed to read a newspaper and use encyclopedias (very large books).

Now everything is on the web and now most of us are even working using the internet. In just seconds we know what is happening in China or any other country in the world, while before all we heard about China was that were many Chinese and they were communists. IT has enabled whole new industries that boost the economy much more than any other manufacturing business ever had. The world would be a much different place if it wasn't for the Apple I, the internet or the iPhone.

4 0
3 years ago
They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their
mojhsa [17]

Answer: to protect the economic freedom of all of its citizens

Explanation:

The above quote by Adam Smith was him criticizing the common practice in those days of nations trying to control the spending habits of their citizens by passing restrictive laws and limiting the importation and production of certain goods and services.

It would therefore support the U.S. policy of protecting the economic freedom of her citizens such that they may trade whatever it is that they want - so long as it is legal - without restrictions by the government.

3 0
3 years ago
The Accounts Receivable account has total debit postings of $1,900 and credit postings of $1,100. The balance of the account is
Flauer [41]
Hello there.

<span>The Accounts Receivable account has total debit postings of $1,900 and credit postings of $1,100. The balance of the account is a/an

Answer: </span><span>A. $800 debit. 
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8 0
3 years ago
Read 2 more answers
Which of the following documents will a bank issue in order to secure a loan with your personal assets?
Minchanka [31]
You to do a loan application
6 0
3 years ago
It is estimated that the maintenance cost on a new car will be $500 the first year. Each subsequent year, this cost is expected
Vsevolod [243]

Answer:

$-8,609

Explanation:

Calculation for How much would you need to set aside

Year Cashflows PVF 5% Present values

1 -500 *0.952381 =-476.19

2 -650(500+150) *0.907029 =-589.569

3 -800(650+150) *0.863838 =-691.07

4 -950(800+150) *0.822702 =-781.567

5 -1100(950+150) *0.783526 =-861.879

6 -1250(1100+150) *0.746215 =-932.769

7 -1400(1250+150) *0.710681 =-994.954

8 -1550(1400+150) *0.676839 =-1049.1

9 -1700(1550+150) *0.644609 =-1095.84

10 -1850(1700+150) *0.613913 =-1135.74

PV=Present value $-8,609

Therefore the amount you will need to set aside is $-8,609

7 0
3 years ago
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