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Home Q & A Board Humanities Legal Studies
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lenga012 lenga012
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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?
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jessmall25jessmall25
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6 years ago
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lenga012 Author
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6 years ago
Thanks for your help!!
veronee_madison
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Yesterday
Helped a lot
Liarec
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2 hours ago
This helped my grade so much Perfect
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