Assume You Are the Creditor in Each of the Following

question 59

Essay

Assume you are the creditor in each of the following situations. Identify the kind of security agreement that is involved in each transaction and explain how you would perfect that agreement.
a. You are the creditor (Everby Bank), and you lend Brisco Gaines $5,000 for a sound system.
b. First Bank loans Doris $10,000 to purchase inventory for her store.
c. First Bank loans Brad $5,000 to purchase a computer network for use in his store office.
d. Kevin needs cash for gambling debts. He brings in his high-definition TV to secure a $500 loan.

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Definitions:

Stable Attribution

An explanation for behavior or events as due to unchanging, permanent factors.

Unstable Attribution

An explanation for behavior that shifts across time, context, or situations, suggesting inconsistency in how one attributes causes to events or actions.

Stable Attribution

A belief that causes behind a person's behavior are consistent and permanent over time, attributing actions to innate characteristics.

Global Attribution

The tendency to attribute the causes of behaviors or events to broad, general factors rather than specific situational factors.