Help! Will give brainliest;)

For this assignment, think of three items you personally have that involve a security. If you do not actually have any security

Mrrafil [7]

Answer:

Consider the following explanation

Explanation:

List the three items you chose.

My Car

My Land

My Air Conditioning Machine

For each of the three items, explain if and when attachment occurred.

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.

8 0

3 years ago

When marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives. Question 2

salantis [7]

It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.

<h3></h3><h3>What is marketing?</h3>

Marketing involves promoting a particular products. It involves setting an objective which when attainable will make the workers happy and willing to do more even when tedious.

Therefore, It is true that when marketing objectives are attainable and challenging, they motivate those charged with achieving the objectives.

Learn more on marketing below

brainly.com/question/4017104

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4 0

2 years ago

In a five paragraph essay compare and contrast your state's constitution with the United States Constitution, and determine the

mart [117]

Answer:

hi

Explanation:

6 0

3 years ago

k. decker, s. rosen, and e. toso are forming a partnership. decker is transferring $53,900 of personal cash to the partnership.

uranmaximum [27]

The journal entries to record each of the partners investments are: Debit Cash $53,900, Credit Decker, capital $53,900.

<h3>Journal entries</h3>

a. Debit Cash $53,900

Credit Decker, capital $53,900

(To record Decker investment)

Debit Land $17,300

Debit Building $78,600

Credit S. Rosen Capital $95,900

($17,800+$78,600)

(To record s,. rosen investment)

Debit Cash $13,300

Debit Account receivable $35,600

Debit Equipment $21,200

Credit Allowance for Bad debts $3,560

($35,600-$32,040)

Credit Toso, capital $66,540

($13,300+$35,600+$21,200-$3,560)

(To record toso investment)

b. Partner's capital statement

Owner's equity

Deckers capital $53,900

S. rosen capital $95,900

Toso capital $66,540

Total owner's equity $216,340

Therefore the journal entries to record each of the partners investments are: Debit Cash $53,900, Credit Decker, capital $53,900.

Learn more about journal entries here: brainly.com/question/14279491

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The complete question is:

k. decker, s. rosen, and e. toso are forming a partnership. decker is transferring $53,900 of personal cash to the partnership. rosen owns land worth $17,300 and a small building worth $78,600, which she transfers to the partnership. toso transfers to the partnership cash of $13,300, accounts receivable of $35,600, and equipment worth $21,200. the partnership expects to collect $32,040 of the accounts receivable.

a. Prepare the journal entries to record each of the partners investments.

b. What amount would be reported as total owner's equity immediately after the investments?

6 0

2 years ago

High income countries are classified as having a gdp per capita that is greater than ________

fredd [130]

Answer:

greater than : $12376 US dollars

Explanation:

According to the World Bank report of 2018 made by using Atlas method, a country with a Gross Capital Income greater than US $12376 is considered as Higher Income Economy country. According to this report there are more than 100 countries which have High Income Economy. Most of the countries comes under this are the members of the United Nations. There are also non UN member countries which reported under this.

3 0

3 years ago