Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 12 Nov 2017 My Price 6.00

Clark’s hotel lobby

Aaron bought a television set for personal use from Penny. Aaron properly signed a security agreement and paid Penny $125 down, as their agreement required. Penny did not file, and subsequently Aaron sold the television for $800 to Clark, his neighbor, for use in Clark’s hotel lobby.

a. When Aaron fails to make the January and February payments, may Penny repossess the television from Clark?

b. What if, instead of Aaron’s selling the television set to Clark, a judgment creditor levied (sought possession) on the television? Who would prevail?

c. What if Clark intended to use the television set in his home? Who would prevail?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Nov 2017 06:11 PM My Price 6.00

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