Mike Purchases a Bicycle from Bikes R Us on Credit,and

question 37

Essay

Mike purchases a bicycle from Bikes R Us on credit,and signs a financing statement.Bikes R Us does not record the statement.After a job transfer,Mike decides not to take the bike with him,and he sells the bike to Mario.Mike still has payments due,but Mario has no idea that money is still owed.Mario purchased the bike to use in his bicycle touring company,which he operates for profit on a part-time basis.If Bikes R Us can locate Mario and the bike,can they repossess it?

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Definitions:

Mind

The aspect of intellect and consciousness experienced as combinations of thought, perception, memory, emotion, will, and imagination, including all unconscious cognitive processes.

Brain

The organ located in the skull of vertebrates that is the center of the nervous system, responsible for perception, cognition, attention, emotion, and action.

Superego

The superego is a component of the mind in psychoanalytic theory, acting as the ethical or moral self, which judges the actions performed by the ego against internalized societal and parental standards.

Compromise

A method of resolving disagreements where each party gives up something that it wants in order to reach an agreement.