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Svetradugi [14.3K]
3 years ago
5

Francine must purchase $1,500 of coffee for her coffee cart business. Kevin agrees to loan Francine $1,500, accepting as collate

ral Francine’s cart. They put their agreement in writing and sign it. Francine keeps possession of the cart. Does Kevin have an enforceable security interest?
Business
1 answer:
yaroslaw [1]3 years ago
6 0

Answer:

Yes, Kevin has an enforceable security interest

Explanation:

Judging from the perception of simple contract, which is a legally binding contract on parties that have entered into it,for the contract to be legally enforceable the following conditions must be met.

There must be an agreement between parties involved,this is demonstrated by Kevin offering to loan Francine $1500, which was met the latter's acceptance.

Consideration is when both parties promises to give something of value in exchange for value received, which is also satisfied in this case,as Francine promises to return $1500 in exchange for same amount borrowed and by extension Kevin has right to repossess the cart.

Lastly, both parties intended to create legally enforceable relations as well the fact that they are both capable (of age) and the transaction entered is legal in law parlance.

In conclusion, the above points show that Kevin has an enforceable security interest.

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PeoplePapers, a greeting cards manufacturing company, has retail stores in most parts of the country. It hires its employees fro
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OPTIONS:

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Answer:

A. Resources

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5 0
1 year ago
"While standing on a bank you wish to spear a fish in front of you. Would you aim above, below, or directly at the observed fish
arlik [135]

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eyes. As a result, the fish appears closer to the surface than it

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<u>Therefore, in order to strike the fish you should aim below where the </u>

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(b) When you use a laser gun to zap  the fish then you should realize

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7 0
3 years ago
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Some other options in question are not connected to something like the given scenario. And the above will be a good alternative.

5 0
3 years ago
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