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ASSIGNMENT 1. a. Benson goes into bankruptcy. His estate is not sufficient to pay all taxes owed. Explain whether Benson’s taxes are discharged by the proceedings. b. Benson obtained property from Anderson on credit by representing that he was solvent when in fact he knew he was insolvent. Explain whether Benson’s debt to Anderson is […]
ASSIGNMENT Victor sells to Bonnie a refrigerator for $600 payable in monthly installments of $30 for twenty months. Bonnie signs a security agreement granting Victor a security interest in the refrigerator. The refrigerator is installed in the kitchen of Bonnie’s apartment. There is no filing of any financing statement. Assume that after Bonnie has made […]
1. Often we think of ourselves as consumers but if you look at things from a business person’s perspective protecting our interests is paramount. Secured interests can help protect creditors. Find a case that addresses a security interest. What was the issue, facts, and ultimate holding of the court? 2. Bankruptcy laws have changed over […]
