(Answered) Dave deadbeat had purchased an automobile for his own

Management Studies

Dave Deadbeat had purchased an automobile for his own personal use from Leo Lemon's Used Cars for $5,000. The dealer financed it for him charging him $1,500 credit service charge over three years. After the first year, Dave defaulted. Leo peaceably repossessed the car and thereafter sold it without notice for $2,000; which was the fair market value. Leo then sued for a $1,000 deficiency, since Dave had a balance of $3,000 left on the note. In Missouri, who would recover what?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92286869
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

My professor has us doing a case study for a company one of

My professor has us doing a case study for a company. One of the questions is "What key strategic issues should should management and investors be most concerned with when it comes to this company?" What are "key strateg ...

Create a class named horse that contains data fields for

Create a class named Horse that contains data fields for the name, color, and birth year. Include get and set methods for these fields. Next, create a subclass named RaceHorse, which contains an additional field that hol ...

The size of stones used in a concrete blend are normally

The size of stones used in a concrete blend are normally distributed, with a mean diameter of 19.5mm and a standard Deviation of 1.8mm a) What is the probability that a stone taken at random will have a diameter greater ...

How is it that a persons mental map impacts the ability of

How is it that a persons "mental map" impacts the ability of a leader to align the organization with the vision of the organization.

What impact does corporate strategy have on your decision

What impact does corporate strategy have on your decision, as a consumer, to purchase those products or services? What is the best plan to implement and enforce a code of ethics within a business? What is the impact of a ...

1 what is the logic of comparative advantage in trade

1. What is the logic of comparative advantage in trade theory, in general? Who is it applied with international trade. Why is international trade more complex? 2. The concept of "competitive advantage." What are some exa ...

Part 1whats the importance of a documentation plan please

Part 1: What's the importance of a Documentation Plan? Please provide an example of a Documentation Plan that you would use. Part 2: How do you calculate how long a project will take? These questions are for my Introduct ...

Consider the ip rights to the information in the design

Consider the I.P. rights to the information in the design, manufacturing and advertising of a wireless computer modem. For those of you who are not sure what that is, if you have a WiFi network set up at home or in your ...

In 2015 juanita secured a 5-year contract with a supplier

In 2015, Juanita secured a 5-year contract with a supplier, which sets the material price per unit at a constant for 5 years. She suggested Msungu do the same for the Basic 10F but he replied, "I love the social aspect o ...

How do you take notes with the required speed and accuracy

How do you take notes with the required speed and accuracy which reflects a true and accurate account of the meeting?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert