차근차근 재무 공부 기록장

Secured Transactionspersonal property > collateralreal estate > mortgage ProcessAttachment(creditor vs debtor)- interest attaches, debtor defaults> creditor has right to take the collateral from the debtor- not provide the creditor with rights against 3rd parties who might also have an int in the collateral- 3 prerequisites   1) parties have to agree to create a security interest   2)  secured p..

Creation of Agency relationship- writing is generally not required to create an agency relationship- consideration is not required to form an agency relationship,   * but consideration is required for a legally enforceable agreementPrincipal: Hires the agent to act on their behalf- cannot be a minor- cannot be mentally incompetentAgent: Negotiates with third parties on behalf of the principal wr..

Delivery and risk of Loss Delivery and risk of loss can be independent of titleGeneral rule- seller holds conforming goods for the buyer- give the buyer reasonable notice to enable the buyer to take delivery Process1. Goods must be identified2. parties must agree on contract terms3. Default rules apply in the absence of an agreement Nocarrier Cases- seller has no duty to deliver/ship the goods- ..