Hello. This question is incomplete. The full question is:
In St. Louis, Missouri, in August 2000, Richard Miller orally agreed to loan Jeff Miller $35,000 in exchange for a security interest in a 1999 Kodiak dump truck. The Millers did not put anything in writing concerning the loan, its repayment terms, or Richard's security interest or rights in the truck. Jeff used the amount of the loan to buy the truck, which he kept in his possession. In June 2004, Jeff filed a petition to obtain a discharge of his debts in bankruptcy. Richard claimed that he had a security interest in the truck and thus was entitled to any proceeds from its sale. What are a creditor's main concerns on a debtor's default? How does a creditor satisfy these concerns? What are the requirements for a creditor to have an enforceable security interest? Have these requirements been met in this case? Considering these points, what is the court likely to rule with respect to Richard's claim?
Answer and Explanation:
In such a case, the main concern of the creditor is the payment of the debt, which must be obtained through assets or guarantees, where, in fact, the creditor has priority over other possible creditors. For the creditor to have this right, he must place a security interest on top of the security already established. To do this, the lender will need to meet certain requirements such as having a guarantee or contract maintained in physical and written media, providing something of value or debtor and maintaining the debtor's rights in that guarantee.
In the case shown above, the creditor has not established a written guarantee or contract, as both the debtor and the creditor have issued a verbal contract, so we can guarantee that there was no agreement promoting the guarantee between them. In this case, Richard has no payment priority and will be paid just like the other creditors, when possible.
The Constitution outlines the plan of
how the people of the United States
relate to which of the following?
A. the military
B. the law enforcement
C. the businesses
D. the government
Answer:
D. the government
Hope that helped!
Do you think that OJ Simpson had time to murder his ex-wife and Ron Goldman?
What is the tone of the poem? i am the people, the mob
ahem ahem your answer would be
mighty angy :)
What is the difference between civic duties and civic responsibilities?
1-Civic duties are required by law, while civic responsibilities are done voluntarily.
2-Civic duties require a large amount of personal effort, while civic responsibilities require little effort.
3-Civic duties are limited to some citizens based on age, while civic responsibilities are required for all citizens.
4-Civic duties are only performed by people who hold elected office, while civic responsibilities are performed by all citizens.
Answer
Civic duties are limited to some citizens based on age, while civic responsibilities are required for all citizens
how did donald trump become president
Answer:
I don't even know to tell u the truth I don't see how people like him♀️
Answer:
Trump, a Republican from New York City, took office following his surprise victory over Democratic nominee Hillary Clinton in the 2016 presidential election, in which he lost the popular vote but won the Electoral College vote.
Election: 2016.
When police have substantial time to obtain an arrest warrant and there is probable cause but no exigency, the Fourth Amendment requires that they obtain an arrest warrant to lawfully seize the person in a public place.
Answer:
This statement is true
Explanation:
This statement is true. The police may search an individual in a public place but the individual has the right to refuse this search. This is where the Fourth amendment right comes into play. This right basically protects the individual from police abuse by preventing police from being able to search them or seize any of their belongings. This is unless they have a warrant which was issued by a court due to the police having probable cause that can be proven.
If Massachusetts has a sales tax of 6 percent and New Hampshire has no sales tax, how much money can be saved by buying a $1,000 television in New Hampshire? O $6 O $16 O $60 O $600
Answer:
$60
Explanation:
6 percent of 1,000 is 60
Based on the tax in both states, the amount that you would save is $60.
Purchase price of television in Massachusetts= Purchase price x ( 1 + sales tax)
= 1,000 x ( 1 + 6%)
= $1,060
Difference between price in both states.= Price in Massachusetts - Price in New Hampshire
= 1,060 - 1,000
= $60
In conclusion, option C is correct.
Find out more on sales tax at https://brainly.com/question/9437038.
The President welcomes Pope Francis to the United States on behalf of the American people. Which role is the president carrying out?
Answer:
He's representing the United States.
Explanation:
When the President greets and welcomes the Pope to America, not only is he representing the American people, but he's also representing the United States as a whole. He is seen as Representing the United States.
Violating any of the general rules of a right away found in 346.18 can result in the driver being issued a
Answer:
It may result in the issuance of fines.
Explanation:
The penalty for a driver who violated any of the traffic rules classified as 346.18 is the issuance of fines that will be proportionate to the damages caused by these violations, especially if they result in the death or injury of any person. For this reason, it is important that traffic laws are followed at all costs.
why is local government so important?
here's your answer
Explanation:
The significance of the local self government is that it bestows numerous benefits upon the inhabitants of the areas it operates in. ... The Local Self-government generally unites the people with democracy and encourages them to participate in its activities without any bias or prejudice.
Answer: to provide an organized system where councils exercise their power and responsibilities to work together for peace, order, and good governance of their municipal districts. Local governments provide overall quality of life for the people who reside in their communities!
Explanation:
Identify the exceptions to a search warrant when conducting a search for evidence
Answer:they cannot go into locked safes briefcases etc. They can enter locked rooms though and they will.
Explanation:
Assume that the U.S. Congress has passed a federal statute that is in conflict with a Wisconsin state constitutional provision. The state of Wisconsin argues that the constitutional provision should prevail over the statute because constitutions are a higher, more authoritative kind of law than statutes. Is this argument correct
Answer: It is not.
Explanation:
The U.S. Constitution has a clause known as the Supremacy Clause that places the Constitution of the United States as well as all Federal law that are not in violation of the Constitution above State laws and Constitutions.
This is why Federal Voting rights were able to prevail over the State Constitutions in the South after the Civil War.
For this reason, the Federal Statute enacted by Congress will take precedence over the Wisconsin State Constitutional Provision.
If a home is valued at $250 000 and the property tax rate is 2 percent how much will the owners pay in property taxes?
$50 O $500 O $5,000 0 $50,000
Answer:
$5 000
Explanation:
[tex] \frac{2}{100} .250000 = 5000[/tex]