Wells Fargo is foreclosing on its June 2007 mortgage (recorded on June 17, 2007 ) on Jordin Levin's home because she has been in default on her mortgage with Wells Fargo for over six months, from June 1, 2009 through December 31, 2009. Jordin had Classy Closets install cupboards in her garage just two months prior to the foreclosure. Classy Closets filed a financing statement on November 17,
2009. Jordin owes Classy Closets $2,300 for the cabinets. When Classy Closets is notified of the foreclosure on January 17, 2010, Classy Closets arrives at Jordin's home and removes the cabinets. The removal caused some damage to the garage floor and also left some holes in the drywall that require repair. The total cost of repair is $158. Wells Fargo says the value of the home is reduced by $2,458 because of Classy Closets' removal of the cabinets and the damages. ?Who has priority in the garage cabinets?
A) Wells Fargo because it was first to record
B) Classy Closets because it is a PMSI creditor
C) Neither has priority until the foreclosure is complete
D) None of the above
B
You might also like to view...
Which three antecedent conditions have an impact on servant leadership?
A. context and culture, societal effect, follower receptivity B. follower receptivity, emotional healing, creating value for the community C. follower performance and growth, societal impact, behaving ethically D. context and culture, leader attributes, follower receptivity
________ is an aspect of entrepreneurship that refers to doing the most work with the fewest resources.
A. Innovation B. Customer-focus C. Creation D. Efficiency
Write down the provision of section 703(g) of Title VII
Which approach to knowledge management capitalizes on tacit knowledge and requires heavy IT investment?
A) the practice approach B) the IT approach C) the systems approach D) the process approach