Secured creditors do not need to perfect their interests to be protected under the UCC.
Answer the following statement true (T) or false (F)
True
Interests receive some protection under the UCC even if not perfected, although interests must be perfected in order to have priority over other creditors.
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What is a likely tension created from HR in an employee advocate role?
a) Increased employee salaries b) Alienated management c) Breakdown of HR infrastructure d) Increased administration
You have obtained a judgement against the defendant. How can you collect on it?
A) If he has money in a bank account, you can ask for an order from the court that it be made payable to you. B) If he owns personal property, you can ask the court to order it seized and sold, with the proceeds going to you. C) If he owns real property (land), you can ask the court to order it seized and sold, with the proceeds going to you. D) Both B and C. E) All of the above
A potential lawsuit claim is disclosed when the claim can be reasonably estimated and it is reasonably possible.
Answer the following statement true (T) or false (F)
Amanda ordered fifty personalized sweatshirts from King Manufacturing Company. After the shirts were specially imprinted, but before they were mailed, Amanda called King Manufacturing to disavow the contract. The next day the sweatshirts were stolen. Who must bear the loss?
A) Amanda must pay the entire purchase price, because she breached the contract. B) King will have to bear the entire loss, because it had not yet mailed the shirts. C) Amanda must bear the entire loss, because the shirts were identified to the contract. D) King must first seek payment from its insurance carrier, and then collect from Amanda for any amount not covered by insurance.