Please only answer these questions: Q1. Give an introduction based on the following above Q2. Give a conclusion and summarize based on the following above

Please follow the 6 step process below in preparing written case analyses:

Step 1: Carefully read the case, making sure you understand it fully;

Step 2: Identify the area of law involved and the legal issue(s) presented;

Step 3: Set out the elements or requirements that must be shown to address the legal issue(s); Step 4: Analyse the case to determine whether each required element or requirement is present regarding each legal issue raised by the case;

Step 5: Sometimes it is also necessary to analyse whether there are defenses available that would eliminate or reduce the amount of liability include this in your analysis; and,

Step 6: Present your decision(s)/conclusion(s), showing that they are based on (and consistent with) your analysis.

up Assignment Case 5, Due December 1, 2022 (15\% of final grade) Situation for Discussion No. 1, at pages 714-715 (Chapter 26) of the Duplessis textbook. (Full text of the case, quoted from the textbook): "Douglas Pools Inc. operates a pool company in Toronto. In order to finance the business, Douglas Pools negotiated a line of credit with the Bank of Montreal to a maximum indebtedness of $300,000. The line of credit was secured by a general security agreement in favour of the bank, in which the collateral is described as "all assets of Douglas Pools, all after-acquired property and proceeds thereof." The bank registered its security interest under the PPSA on January 10, 2011. On March 30, 2011, Douglas Pools bought a 2009 Dodge Ram pick-up truck from London Dodge for \$15,000. London Dodge agreed to accept payment for the truck over three years, with interest at 6% per year, and took a security interest in the truck in order to secure payment of the purchase price. London Dodge registered its security interest under the PPSA on April 4, 2011. On November 11, 2011, Douglas Pools sold the truck to Fisher \& Co. (a company owned by the same person that owns Douglas Pools) for \$1.00. Douglas Pools defaulted on its obligations to both the bank and London Dodge and, on November 18, 2011, declared bankruptcy. At the time of the bankruptcy, Douglas Pools owed the bank \$240,000 and London Dodge $12,000. Now, the bank, London Dodge, the trustee in bankruptcy, and Fisher \& Co. all claim the truck. Whose claim to the truck has first priority? Whose claim has second priority