Explain secured transactions
Explain secured transactions?
Expert
A security interest allows a creditor to seize specified assets of the debtor (usually referred to as collateral) if a debt is not repaid. Secured creditors do not need to bring a court action to enforce these rights. In contrast, unsecured creditors have to go through court and obtain a judgment against the debtor and an execution order authorizing seizure and sale of certain of the debtor's assets. Although acquiring security minimizes risk to the creditor, it may alienate customers; it is also more expensive and complex to acquire security. Typical transactions that involve security interests include vehicle, appliance, and furniture purchases on payment terms, and a bank or private lender providing a line of credit to a business that does not own real property. Security interests are regulated provincially for the most part under Personal Property Security Act (PPSA) legislation. Banks that are incorporated federally also have the option of federal regulation of security interests pursuant to the Bank Act.
Describe the Standard of Care Breached?
Explain the Limited Liability Partnerships (LLP)?
What are the standards of court will apply during a judicial review?
Illustrate the term Copyrights?
Illustrate what do you mean by Exemption Clauses?
Define the term prejudicial contracts?
Explain competition and Competition Act deals with which anti-competitive practices?
What are the two distinct types of corporate activities?
How Constitution implements the federal system of Canada?
Explain the Sales of Goods Act?
18,76,764
1926458 Asked
3,689
Active Tutors
1423154
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!