Question: would you be able to answer me this question in one hour please? QUESTION 1 Digitech Corporation(DC) pays its employees every two weeks. Eve Anderson,

 would you be able to answer me this question in onehour please? QUESTION 1 Digitech Corporation(DC) pays its employees every two weeks.Eve Anderson, an employee, gets her paycheck, indorses the back of thecheck by signing her name using her normal signature that she useswhenever signing which is pretty much an illegible mark. On her lunch

would you be able to answer me this question in one hour please?

break she goes to cash it at DC's Bank, the First DepositoryBank(FDB). On the street on her way to the Bank in acrowd she loses the check. Greg "Cheetah" Smith finds the check andimmediately signs the back ofthe check beneath Eve's signature and cashes it.Has the check been negotiated to Greg? Once signed by Eve whattype of instrument is the check? Can the fact that Eve did

QUESTION 1 Digitech Corporation(DC) pays its employees every two weeks. Eve Anderson, an employee, gets her paycheck, indorses the back of the check by signing her name using her normal signature that she uses whenever signing which is pretty much an illegible mark. On her lunch break she goes to cash it at DC's Bank, the First Depository Bank(FDB). On the street on her way to the Bank in a crowd she loses the check. Greg "Cheetah" Smith finds the check and immediately signs the back ofthe check beneath Eve's signature and cashes it. Has the check been negotiated to Greg? Once signed by Eve what type of instrument is the check? Can the fact that Eve did not legibly sign her name on the back of the check be used by her as a defense to payment on the check to Greg? What precautions might Eve have taken to avoid this issue? What about use of UCC 4403? Is it applicable at all? Please be sure to address each question posed above. '1' T I Arial v 3(12pt) v '1' . 5 . == ~E]~ l3 1 :: 3 Path: p Words:0 A QUESTION 2 Ann gives a check to Beta Investments to buy 100 shares of stock in IBM for Ann. The price ofthe shares is constantly fluctuating. Beta asks Ann to leave the amount blank on the check and allow Beta to fill in the price when making the purchase. Ann agrees. Beta buys the IBM stock when the price is $4,000 , but fills in the amount ofthe check for $5,000. The check is negotiated as payment for a $5,000 debt to ABC Finance, which takes the check in good faith and without notice that Beta increased the amount authorized. ABC however, later learns that Beta was not authorized to fill in the check for $1,000 over the stock price. ls ABC a Holder in due Course and if so for how much? Would your answer be different if ABC knew the check was incomplete when it was given to Beta? Why? '1' T I Arial v 3(12pt) v '1' . 55 . i: . E]. [3 i 3: 3 Path: p Words:0 A QUESTION 3 The payment of Brian's debt to Chuck is guaranteed by Brian's personal property. This is O A. a reorganization O B. a secured transaction O C. a suretyship agreement O D. a violation of most state's laws QUESTION 4 The payment of Frida's debt to Gianni is guaranteed by Frida's personal property. Gianni is O A. a debtor O B. a secured party O C. a secured transaction O D. a guarantor QUESTION 5 The payment of Eden's debt to Flem is guaranteed by Eden's personal property. This property is O A. a secured property O B. a secured transaction O C. a purchase money security interest(PMSI) O D. collateralQUESTION 6 3 points Save Answer The payment of Hugh's debt to lan is guaranteed by Hugh's personal property. To give public notice of his interest in Hugh's property, lan is most likely to O A. attach a bright blue label to Hugh's property O B. email other potential creditors O C. file a financing statement with the appropriate government authority O D. record a mortgage in the county clerks office QUESTION 7 3 points Save Answer Rich Financial Inc. files a financing statement regarding a transaction with Supreme Business Company. To be valid, the financing statement must contain all of the following except A. a description of the collateral O B. a statement of the purpose for the transaction O C. Rich's full company name O D. Supreme's full company name QUESTION 8 3 points Save Answer The payment of Nero's debt to Olly is guaranteed by Nero's personal property. Nero is located in Pennsylvania. Olly communicates to the appropriate state official a security agreement and financing statement that uses only Quality Engineering, the trade name of Nero's business. To perfect Olly's interest, this is O A. irrelevant O B. not sufficient O C. sufficient if Quality Engineering is a sole proprietorship D. sufficient if the trade name is spelled correctly or misspelled slightlyQUESTION 9 3 points Save Answer Select Furniture Store sells household consumer goods. To create a purchase money security interest, Select Furniture must O A. assign to a collecting agent a portion of its account payable O B. assign to a collecting agent a portion of its account receivable O C. extend credit for part or all of the purchase price of the goods O D. refer purchasers to a third party lender QUESTION 10 3 points Save Answer Everyday Loans, Inc. takes possession of Fergie's stock in Glade Electronics Corporation to perfect Everyday's security interest in the stock. This is O A. after-acquired property security O B. a pledge O C. a purchase money security interest O D. illegal QUESTION 11 3 points Save Answer Prime Property Investments Inc. files a financing statement to provide notice of its security interest in the property of Qwick Breakfast Restaurant. The initial effective term of a financing statement is a period of O A. one year B. two years O C. three years O D. five yearsQUESTION 12 3 points Save Answer Middling Credit Corporation asks Little Supply Company to agree to a security agreement that provides for coverage of the proceeds from the sale of after- acquired property. This is O A. a floating lien O B. not allowed under the UCC O C. a funds guarantee O D. perfection at its best QUESTION 13 3 points Save Answer Quotient Financial Corporation is a secured party with a security interest in property owned by Retail Sales Company. Perfection of this security interest may not protect Quotient Financial against the claim of O A. a bank O B. a buyer in the ordinary course of business O C. a subsequent lien creditor O D. an attorney QUESTION 14 3 points Save Answer The payment of Jose's debt to Klint is guaranteed by Jose's personal property. The process by which Klint can protect himself against the claims of third parties to this property is O A. attachment O B. communication O C. perfection D. search and seizure

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