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Marlie Carries on a Business of Selling New and Used

question 73

Essay

Marlie carries on a business of selling new and used lamps.In 2009,she obtained an operating line of credit from the Bank of Nova Scotia.Marlie gave the Bank a security interest in all her present and future assets.Jordan is a dealer in imported chandeliers.He and Marlie agree that he will give her possession of a dozen chandeliers to sell on his behalf.Marlie is not obliged to pay for the chandeliers unless she keeps them for more than 30 days.Marlie goes into default on her loan.The bank seizes all of her inventory,including the 12 chandeliers.Jordan finds out about the seizure and demands the chandeliers,saying that they are his.Is Jordan entitled to get the chandeliers back?

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Definitions:

Esoteric Buddhism

A branch of Buddhism focusing on secret teachings and rituals meant to be understood or practiced by a select group of initiates.

Zen Buddhism

A branch of Mahayana Buddhism that emphasizes meditation, personal insight, and simplicity to achieve enlightenment.

Legends of Mount Shigi

Likely refers to historical or religious narratives associated with Mount Shigi in Japan, though not a widely recognized term in literature or history.

Pious Buddhist Tales

Stories within Buddhist literature that illustrate the moral virtues and ethical principles of Buddhism, often focusing on the lives and teachings of the Buddha and his followers.

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