1. At her neighbor's garage sale, Constance buys 2 living room couches and a coffee table for $250, which she uses to replace the broken furniture at home. Unbeknownst to Constance, the neighbor still owed money to All Purpose Furniture, Inc., where he had purchased the furniture on credit. If All Purpose informs Constance that she must return the furniture because they have a security interest in the collateral
Select one:
a.
They are partially correct; Constance must pay half of what the neighbor owes and he must pay the rest.
b.
They are incorrect; Constance takes the furniture free of All Purpose's security interest because she is a buyer in the ordinary course of business.
c. They are correct; Constance took the furniture at her own risk & is subject to All Purpose's security interest.
d.
They are correct; a perfected security interest takes priority.
Answer 2:
Option A is the correct answer
a. Redemption
Explanation:
Due to cousin bubba's generosity, Malik was capable to clear his
balance.
People who have defaulted on their debts the capability to mend
their property by giving the balance due before the foreclosure
method starts(As per the right of redemption).
Answer 3:
Option D is the correct answer
d. Billy and his brother's unforeseeable misuse of the fan.
Explanation:
Because they separated the cover of the fan and practiced it as a “gun” to shoot marble “bullets” at each other. This is not the meant usage of the product. Accordingly, outcomes can be justified as unforeseeable misuse of the fan.
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