Business Law

/in /by

Your company has just purchased a large piece of property, and multiple creditors have a security interest in the property. This security interest must then be perfected, which sets forth the rights of a secured creditor against other creditors who also have a security interest in your property.

In an Excel spreadsheet that is 2 pages in length, create 2 charts (1 chart on each page).

  • The guidelines for the first chart are the following:
    • Create a list of the priority of creditors with regard to security interests when there are conflicting claims.
    • Which creditor is given preference, and why?
    • Discuss the creditors that follow in the chain.
  • The guidelines for the second chart are the following:
    • Depict a scenario with 4 different creditors that have a security interest in the property of a company.
    • Be sure to list next to each creditor the date of perfection if the security interest is perfected.
    • List, in order, the creditors. Create a column in which you explain why that creditor is in that place in the chain of priority.
    • How will the lien on the property be shown in the notes to the financial statements?

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.