Dayton Hardware Store and Leighton Bank enter a loan agreement in which Leighton agrees to lend $10,000 on the security of Dayton's existing store equipment. A security agreement is executed and a financing statement is filed, but no funds are advanced. A week later, Dayton enters a loan agreement with Ramos Bank in which Ramos agrees to lend $10,000 on the security of the same store equipment
The funds are advanced, a security agreement is executed, and a financing statement is filed. A week later, Leighton Bank advances the agreed $10,000. Dayton defaults on both loans. In this case:
A) between Leighton Bank and Ramos Bank, Ramos has priority because it advanced the funds before Leighton Bank did.
B) between Leighton Bank and Ramos Bank, Leighton Bank has priority because it was the first to deal with Dayton in the matter.
C) between Leighton Bank and Ramos Bank, Leighton Bank has priority because priority among security interests perfected by filing is determined by the order in which the financing statements were filed.
D) neither bank needed to check filings of financing statements because the filings had no impact on which bank had priority.
C
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Which of the following is an example of a complementary service?
A) Big department stores usually hire extra staff to handle the rush during the holiday season. B) The Caesar Park Hotel generally caters to business customers during the week, but has now decided to promote minivacation weekends for non-business customers as well. C) More paramedics are on hand to assist physicians during times when emergency admissions are highest. D) AXA Bank set up automated teller machines so that its customers could avoid standing in line. E) Chesterton College hires part-time teachers when enrollment goes up.
Which of the following is not a method for devising an effective omnichannel strategy?
A. allowing returns of merchandise to any channel regardless of channel of purchase B. advertising in-store that additional sizes and colors are available online C. having a consistent image across all channels D. splitting buying responsibilities up at the corporate office to specialize in either stores or e-commerce to better understand the different customers' buying behaviors E. having the same pricing strategies and promotions for all channels
Explain the concept of mass marketing
What will be an ideal response?
A person driving over the prescribed speed limit in a suburban area hits and injures a pedestrian jaywalking against a red "Do Not Walk" sign. The jury finds that the driver was 80 percent responsible for the accident and the jaywalker was 20 percent responsible. The pedestrian suffered $100,000 in injuries. If the state in which this case is heard adopts the doctrine of contributory negligence to interpret such cases, the pedestrian is entitled to recover ________.
A. no damages from the driver B. $100,000 from the driver C. $20,000 from the driver D. $80,000 from the driver