QuickHelper

(10)

$20/per page/

About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 5 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 31 May 2017 My Price 8.00

When Butch borrowed $10,000 from Olympia Bank,

Question description

 

When Butch borrowed $10,000 from Olympia Bank, the bank not only made him get a surety, but also demanded that the inventory of Butch's feed store stand as collateral. Butch talked his brother Arnold into signing the promissory note as surety and signed the necessary papers for the bank to get an Article 9 security interest in the inventory. Unfortunately, the bank failed to file the Article 9 financing statement in the correct place, so when Butch had financial difficulties, other creditors prevailed over the bank's attempt to claim the inventory. The inventory was worth $6,000. What is the effect of the bank's Article 9 difficulties on Arnold, Butch's surety?

Text book:

The Legal, Ethical, and Regulatory Environment of Business in a Diverse Society

Answers

QuickHelper
(10)
Status NEW Posted 31 May 2017 08:05 PM My Price 8.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

Not Rated(0)