Chapter 18 slides (for students)

Chapter 18 slides (for students) - Chapter 18 • Material...

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Unformatted text preview: Chapter 18 • Material covered in class: – SECURED TRANSACTIONS (pp 659-664) (and you may skip “inventory financing”). • Material covered outside of class: – Consumer-related Issues – Bankruptcy – Slides w/ specifics about these two topics are posted in a Blackboard announcement Chapter 18: Consumer-Related Issues section (what to know) • Borrowers / debtors have a right to be told how much they will pay for credit • Borrowers / debtors may not be “discriminated” against • Creditors may not harass or intimidate debtors when attempting to collect on a debt • That’s all you need to know from this section (not specific titles of the many Chapter 18 – Bankruptcy section (what to know) • Three types (who may file) • Filing petition / automatic stay • Bankruptcy estate / exemptions (but not $ $ amounts) • Discharge (including examples of debts that cannot be discharged) Secured transactions – major terms • Security interest / agreement • Collateral • Attachment • Perfection • Priority • Purchase Money Security Interest (PMSI) • Repossession • Joe owns an 18’ sailboat worth $5000....
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This note was uploaded on 03/07/2012 for the course GEN BUS 202 taught by Professor Parks during the Fall '11 term at Boise State.

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Chapter 18 slides (for students) - Chapter 18 • Material...

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