pinky2341 pinky2341

19-11-2019
Business

contestada

Diamond Drilling, Inc. purchases a piece of drilling equipment on credit from Steel Industries. Steel Industries files a financing statement covering its security interest in the equipment. Diamond Drilling then fails to make its required payments. Steel Industries now has the right to take possession of the equipment on default by Diamond Drilling. This right is called ________.

Respuesta :

Shakiru Shakiru

19-11-2019

Answer:The right of lien

Explanation:

It's the right of a seller in a credit sales contract to repossess the goods when the buyer failed to make payment as agreed.

Answer Link

Otras preguntas

Two springs have force constants K₁ and K₂, where K₁>K₂. On which spring, more work is done if (i) they are stretched by the same force? (ii) they are stretc

3 Select the correct answer from the drop-down menu. How does paragraph 3 develop the author's ideas about why there are not more community gardens in food dese

A hockey team league awards 3 points for a win , 0 for a draw , and -1 for loss. Calculate the points for each team

Lisa made $15,000 in taxable income last year. Suppose the income tax rate is 10% for the first $8500 plus 15% for the amount over $8500. How much must Lisa pay

Every 2 years we re-elect the entire House of Reps and _______ of the Senate. Question 2 options: Third (1/3) Fourth (1/4) All Half (1/2)

Given the following scenario with the unknown reaction observed in the reaction mechanism lab, what conclusions (if any) can be made? You observed that if you s

read the sentences find out if the adjectives in each sentence are in the correct order about ten little seven year old dark skinned african children were playi

Direct costs: Select one: O a. DM and MOH • b. DL and MOH • c. non-manufacturing costs • d. can be easily traced to a particular cost Object

Atmospheric air at 400 K flows over a flat plate (2 m long) with a velocity of 1.2 m/s. The plate is kept at a constant temperature of 300 K. Calculate the aver

The Erie Canalway History and Culture adapted from The National Parks Service A Waterway to the Interior The New York State Canal System is the most commerciall