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.
Explain repudiation rules regarding contracts with minors?
What are the illegal contracts of Common Law?
Elucidate what do you mean by Corporate Governance?
Define the term Confidential Information?
What is a Tort?
Whether you can legally fire the employee include and assessment of any pertinent exception to the employment at-will doctrine
Explain what do you mean by Failure of Performance (Defective Performance)?
What are the two distinct types of corporate activities?
What are the agreements against Public Policy?
18,76,764
1937971 Asked
3,689
Active Tutors
1415496
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!