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1. PLEASE SUMMARIZE 2 CASES (Case start from page 820 to 825) a. THE FACTS OF THE CASE b. THE ISSUE AT THE LAW THE COURT IS CONSIDERING c. HOW THE LAW WAS APPLIED IN THIS CASE d. CONCLUSION OF THE
1. PLEASE SUMMARIZE 2 CASES (Case start from page 820 to 825)
a. THE FACTS OF THE CASE
b. THE ISSUE AT THE LAW THE COURT IS CONSIDERING
c. HOW THE LAW WAS APPLIED IN THIS CASE
d. CONCLUSION OF THE COURT
2. Explain the Uniform Commercial Code: a brief history and its purpose. (1-2 paragraphs)
3. Find and SUMMARIZE an article regarding a major lawsuit where a security agreement or UCC-1 was filed incorrectly or defectively, leaving a lender unprotected.
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**************** of ******************* ** ************************************** STATE **** ** ********* v ****** ********* EXCHANGE INCFacts ** *** ******* ****** ***** Bank sued ****** ********* ******** ** **** as ******* *** ********** *** ****** ***** perfected ******** interest *** ******** interest *** ***** *** calves **** ** ******** 2000 ** *** **** ******** ****** * counterclaim ******* Johnson ****** ******** ****** ******* *** the ****** ********* exchange ***** ** ***** to offer * ****** ******* to the **** ******** *** Johnson *** made an agreement ***** *** ******* ** ************* ** a ***** ***** *** ************** agreement was ** ***** both ******** and Johnson **** each ***** is entitled ** ** ownership ******** ** *** ****** ***** ** *** ***** ** *** ********* Failure to ***** the contractual ***** ** *** ********* ********* *** ******** ********* ***** ** ******** ********* ***** *** ***** ** ************** ***** ** *********** *** *********** ***** **** were made and *** ********** that was **** ******* Anderson and ******* *** ***** **** ***** the ****** of ********** ****** in the ****** ************* ** the permit ********** ** ******** ******** *** ********** ******** rights ** the ********** ******** *** bank's security ******** **** ****** the ruling *** ***** ******* *** ******** ** ownership ** *** cattle-sharing agreement ********* *** ***** ******** *** person *** ******** *** contract ** *** ******* before ****** *** decisionApplication ** *** lawAs *** the ******* ********** **** **** ******* * security ******** must ** ******** ** *** collateral The ********** ** *********** ******* the ***** ******* ** the ****** ** **** *** debtor has *** ********** rights *** the ***** ** *** ******** The ******* ********** **** considers *** debtors **** ******* ** *** ******** agreement ***** ******** *** description ** the ********** The *** ****** **** ******* on *** ******* ******** interest *** ******* security interest ********* **** *** ******** *** ********* ********* More ***** ***** is * *********** ** *** ********** ****** *** perfect security ******** ********* the ***** ********** *** security interest ********** *** ********* ************** at *** courtThe ******** ***** considered *** ************** ********* ** ********* ******* Anderson *** rights ** the ****** *** ******** **** ** the court ******* ** ********* ** the ****** ** **** as the ******* security ********* *********** ******* ******** and ******* *** ******** ********* **** ** ********** the ****** security interest *************** ********** ******* ******* ********** code *** ********** **** **** ************ into the ********* *** ** ***** ** *** ****** ** the collateral ** **** *** **** ****** on the ********* of the collateral *** collateral rights consider **** ********* ** **** ** ******* ****** *** *** **** *** ******* *** ********** to ** owned ** *** ****** ********** ****** ***** **** **** ********* ********* ** ******* * *** *** ********* ********* to ** * ***** ******* ******* ************* ** whether *** ****** *** ******** sufficient rights in *** collateral *** attachment of *** ******** ******** *** right ** the ********** ** ** ********* step ** *********** *** ****** ** *** ******** ****** ********** *** ** **** ** the rights ** ****** *** ************ by ****** **** ***** as **** as ******* The ****** **** ************ ****** ** ******* to *********** ******** ********* **** *** ********* ** ***** rights * ******** interest ** ******** ** the ********** ** *** extent ** *** ******** ****** ** the ********** ************** ********* consider *** mere ********** ** the collateral which is deemed ** ** ************ ** ******* ** *************** * ******** &ASSOCIATESThe ***** ** *** caseThe **** ******** ******* the appellants ** ***** ******** who **** ********** ****** *** ****** anguish **** was sustained ****** the repossession ** * ******* During *** process ** *** ******** **** ******** **** inside ** a ****** the parents ***** * case ******* *** ********* company the repossession ******* that *** **** ***** ** **** as *** ************ agent **** *** hired The ********** ****** that *** ******* ****** ******** ************* *** ****** ******* *** ******* ** ******* *** *** * ************ ***** of ***** ***** *** ** said to **** ******** *** ******** *** physically The ***** the ***** is ************** ***** ** considering *** ********* ** ****** ** ***** *** *** impact ** ****** in *** ******* ******* ********** is made ** ********* ******* ***** **** precautions ** ****** ****** **** ************ ******** by *** secured ********* * ******** in ********* ** *********** ************ ******* *** risks incurred **** ** the breach of ***** * ******* ******** ** ****** for breach ** ***** that ** ********* ** *** *********** ********** In **** a ********* * ******** ****** ***** ********* **** ****** an independent ********** ** ********* the ******* ******** The ***** further considers *** ******* of ******** and FMCC ** employing * ************ agent *** ** ** ********* to *** *** **** the ******* ** the creditor and the ****** *** ********** ** ********* *** instances of ******** breach Application ** *** law ** *** ******* ***** ******** ** ******* **** **** ********* *** secured ***** ** ** *** * ***** ********** ********** *** collateral The court **** ********* ********* ** ****** of ***** The court ********** *** ********* ** ****** ** peace ****** *** ************ ******* The *** ********** the ******* ** *** ************ ***** ****** *** ******* These ************** ******* ** *** public turbulence that ****** ***** ** **** ** public ***** *** *********** A ******* ***** *** on *** ****** ** *** secured ********* in exercising the privilege ** ******** *** ******** ** ******* individual ** ********* ********** The court therefore **** ********* ** *** ******* ** *** ***** ** ********* *** ********** *** *** implications ** ****** ** the ****** Furthermore *** ******** upon *********** of children ** *** ******* ** ******************** OF *** COURTThe court ********* that ******** * ************ ***** *** *** breach *** peace This is based ** the **** that ******** *** *** violate *** traffic regulations ** repossession ** *** vehicle *** **** ******* objection or ************* *** repossession *** *** verbally contested Besides his ****** of *** *** ** *** ******* lot *** ***** realizing *** **** of *** ******** **** ** *** *** ****** ***** as he **** *** ******** ** ***** ****** ****** ********************** ********** ********* ******* ********** Code ** *** **** of ********** ********** ******* ** *** ********** ** public **** *** tranquility ********* ** article **** the ******* of the ******* ********* in collateral ************ ** *** ******* to ********** ***** or ******** **** ******** *** peace The provisions further argue **** *** actual ******** ** *** required ** breach ** ***** ***** on *** ******* disturbance **** ** ********** ****** *** not a remote possibility ** such ***** there ** ** ****** of peace **** *** ************ ****** **** the ****** is ****** *** ***** In **** situations *** breach ** *** peace ** ****** when the ******* is **** to ******* of property If the ************ ** ******** ********* ** the actual **** ** ****** the ******** of ********* ************ **** *** ********** party is in control of *** ******* *********** *** secured party ** ******* to *** ********* ** ***** ***************** ********* ***** Without Debtor's ************* ********** ******* ********** code provides that * ***** *** **** a file * case ** *** ******** ****** ***** *** ********* ********* ******* ***** ****** a ***** ** **** **** the ********* is **** the debtor ****** *** ********** there is ** ******* ** **** * ****** ****** ********* *** filing ***** *** ********* ********* The **** of *** Adoni group 530 ***** ** ** example of how * ******* ***** filed a ********* ********* ****** the ******* *** *** a security agreement ******* the debtor *** *** ********** *** filing ** writing ***** ** the **** ** *** ******** that *** ****** had executed * security ********* The ***** ****** *** decision ** ********** **** the secured party's lien *** ***** *** **** *** debtor *** ratified the ****** The ***** **** ******* **** authorizes ** *** ******* 9-509 ****** ** *************** and *********** ratification of any ***** financing ****************************************************************************************************************