Secured
Transact
ions
Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th
Ed.
Fall 2006,
STCL, Prof.
Musselman
Assignmen
t 1:
Remedies
of
Unsecured
Creditors
Under
State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a
liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture
but didnt have
the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to
Lisa. Jeff and
Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of
months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.
Now Lisa and
Jeff havent
spoken for two
months, and she
still hasnt paid
anything.
Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to
four hours of
consu
Secured
Transact
ions
Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th
Ed.
Fall 2006,
STCL, Prof.
Musselman
Assignmen
t 1:
Remedies
of
Unsecured
Creditors
Under
State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a
liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture
but didnt have
the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to
Lisa. Jeff and
Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of
months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.
Now Lisa and
Jeff havent
spoken for two
months, and she
still hasnt paid
anything.
Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to
four hours of
consu
Secured
Transact
ions
Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th
Ed.
Fall 2006,
STCL, Prof.
Musselman
Assignmen
t 1:
Remedies
of
Unsecured
Creditors
Under
State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a
liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture
but didnt have
the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to
Lisa. Jeff and
Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of
months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.
Now Lisa and
Jeff havent
spoken for two
months, and she
still hasnt paid
anything.
Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to
four hours of
consu
Secured
Transact
ions
Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th
Ed.
Fall 2006,
STCL, Prof.
Musselman
Assignmen
t 1:
Remedies
of
Unsecured
Creditors
Under
State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a
liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture
but didnt have
the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to
Lisa. Jeff and
Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of
months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.
Now Lisa and
Jeff havent
spoken for two
months, and she
still hasnt paid
anything.
Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to
four hours of
consu
Secured
Transact
ions
Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th
Ed.
Fall 2006,
STCL, Prof.
Musselman
Assignmen
t 1:
Remedies
of
Unsecured
Creditors
Under
State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a
liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture
but didnt have
the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to
Lisa. Jeff and
Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of
months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.
Now Lisa and
Jeff havent
spoken for two
months, and she
still hasnt paid
anything.
Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to
four hours of
consu
