Discuss ccs right to repossess the tv set and whether cc


Current City (CC) is a retail seller of television sets. CC sells Dhani a $3,000 large-screen, high-definition, LED set on a retail installment security agreement in which he pays $100 down and agrees to pay the balance in equal installments. CC retains a security interest in the set, and perfects that interest by filing a financing statement centrally. Two months later, Dhani is in default on the payments to CC and is involuntarily petitioned into bankruptcy by other creditors. Discuss CC's right to repossess the TV set and whether CC has priority over the trustee in bankruptcy.?

Solution Preview :

Prepared by a verified Expert
Business Management: Discuss ccs right to repossess the tv set and whether cc
Reference No:- TGS02789800

Now Priced at $15 (50% Discount)

Recommended (98%)

Rated (4.3/5)