Answer:
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.
Explanation:
Answer:
The people in ancient times travel from place to place in search of food and shelter before the cultivation of agriculture and settled life man was depended on wild animals and fruits for food so they used to travelle from one place to onother , besides in safe from harsh climate he used to travelle from one place to onother place
The Tower of London was built in the year 1078 by King William, Duke of Normandy.
This Tower is more than 1000 years old and is the oldest palace, fortress and prison in Europe. History tells us that King Edward of England failed to keep a promise to give his throne to William, Duke of Normandy but instead gave it to Harold Godwinson, his English brother in law.
William became angry and sent his army across the English channel to conquer England and on October 14, 1066 he fought with Harold and won the battle. Later that year on Christmas day, William was crowned King.
To keep the unruly citizens of London in line, he decided he needed a stronghold and so he built the Tower to act as his fortress.
With time, other smaller towers, extra buildings, walls, and walkways were added gradually transforming the original building into the splendid example of castle, fortress, prison, palace and finally museum that we enjoy today.
The Tower of London is a tourists attraction today.
Toussaint Louverture led a successful slave revolt and emancipated the slaves in the French colony of Saint-Domingue (Haiti). A formidable military leader, he turned the colony into a country governed by former black slaves as a nominal French protectorate and made himself ruler of the entire island of Hispaniola.
