× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Humanities Legal Studies
New Topic  
lenga012 lenga012
wrote...
Go to Answer
Posts: 664
Rep: 0 0
6 years ago
Gateway sold a big-screen TV and entertainment center to Iris for 2000 on credit. Iris signed a promissory note and gave Gateway a security interest in the TV and entertainment center. Gateway filed a financing statement in the appropriate public office. When Iris defaulted on her monthly payments owing a balance of 1780, Gateway's attorney made arrangements to have the TV and entertainment center repossessed. The attorney then placed classified ads in the local newspaper to sell the goods. The attorney's fees are 300, the repo company charged 150, and the advertising costs are 50. (
 A) Is Iris able to redeem the property? (B) If Iris does not redeem and the TV and entertainment center are sold for 1750, how will the money be disbursed?
Read 76 times
1 Reply
Replies
Answer verified by a subject expert
jessmall25jessmall25
wrote...
#1
Top Poster
Posts: 622
Rep: 4 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
This verified answer contains over 140 words.
1

Related Topics

lenga012 Author
wrote...

6 years ago
Thanks
gmiannotti
wrote...

Yesterday
Thanks for your help!!
SlimyPencil
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1054 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 124
  
 147
  
 181
Your Opinion
Where do you get your textbooks?
Votes: 447
Previous poll results: Who's your favorite biologist?