On April 15, Peabo Tyson purchased ten solar generators and one electric generator from the Generators Direct company. Generators Direct is a generator manufacturer. The price of each generator is $10,000Peabo purchased the solar generators for resale in his hardware store and the electric generator for use in his home. Generators Direct financed the purchase of the generators by requiring that Peabo sign a document that provided for a security interest and agreeing to pay Generators Direct for the purchase of the generators over the course of five years.

1 Is there any difference in the steps that Generators Direct must take in order to ensure that it will be the first in line to receive payment in the event that Peabo does not pay the loan according to the document that he signed for the solar generators and the electric generator .Explain
2.Describe the process that Generators Direct must take to ensure that it will be the first in line to receive payment on the generators .

Answer rating: 100% (QA)

1 Difference in Steps for Solar Generators and Electric Generator Yes there can be a difference in t... View the full answer