I have homework for business law class and i cant find this answer get it for me have it and fully written out well and i will give ya 10 pts. PLEASE EXPLAIN
If two secured parties have perfected security interests in the collateral of the debtor, which party has priority to the collateral on the debtor’s default?
2007-10-10 16:13:32 · 3 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Two possible answer come to mind:
The first party to file a lein/ file a claim OR the first party to be contracted with/ to do work for the debtor.
Take your pick. I have no idea.
2007-10-10 16:20:50 · answer #1 · answered by Kevin k 7 · 0⤊ 0⤋
The first party with a REGISTERED security interest. The contract doesn't mean crap. The lien paperwork must be filed with the proper authority and priority is whoever files first. (seniority)
2007-10-10 16:24:43 · answer #2 · answered by Shell Answer Man 5 · 0⤊ 0⤋
depending on what the question is they are asking about your purchase - it sounds like a scam. I know that counties do assess/appraise homes every few years or so, to get an accurate taxable value, but I've never had the county ask me any questions about my home purchase. I would contact the county & find out if this is something they actually sent out & how necessary your reply is. Where does the return envelope go?
2016-05-21 02:55:40 · answer #3 · answered by ? 3 · 0⤊ 0⤋