2250 Lecture Notes - Sole Proprietorship, Stuffed Toy, Accounts Receivable
5 Feb 2013
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Sample questions final exam - mos 2275. Bob has borrowed ,000 from the bank, as well as ,000 from his friend joe. Bob signed a security agreement in favour of the bank, in which bob agreed to give the bank a security interest in his car. Bob also told joe that he would give him a security interest in the same car, but nothing was put down on paper. Bob has failed to repay the bank loan and the bank is now attempting to seize bob"s car. Joe will get the car only if he registered his security interest. Walking down the street, margaret finds a laptop computer which does not belong to her. Margaret and her friends think it would be funny to see if the laptop will float, so they try to float the laptop in a puddle.
