Part A: Business Law in the Workplace
Consider how the world of business interacts with the legal realm. What skills does a non-legal person need as an employee?
What legal training do you feel a businessperson needs in order to make good decisions? Please refer to U.S. Bureau of Labor Statistics.
What (non-legal) positions there require a more than average understanding of legal issues?
What are the average salaries of those personnel? Do you think you would enjoy liaising with legal personnel for a business? Feel free to enliven this discussion with personal experience.
Part B: Priority
Steve owns a car. He decides that he needs a loan in order to improve his house, so he goes to Liv. He agrees to give Liv a security interest in the car in exchange for $4,000. Two weeks later he decides that he needs more money.
He goes to Dane. He gives Dane a security interest in the car in exchange for $10,000. Dane files a financing statement to perfect the interest. A week after that Liv does the same. Eventually, Steve defaults in his payments. The car is reposed, and it is sold for $3,000. How much money will Dane receive? How much money will Liv receive?