Management and Organizational Studies 2275A/B Lecture Notes - Lecture 10: The Injury, Stuffed Toy, Canadian Patent Law

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Bob has borrowed ,000 from the bank, as well as ,000 from his friend joe. Bob signed a security agreement in favour of the bank, in which bob agreed to give the bank a security interest in his car. Bob also told joe that he would give him a security interest in the same car, but nothing was put down on paper. Bob hasfailed to repay the bank loan and the bank is now attempting to seize bob"s car. Abc limited has assets with a market value of ,000, andthe anticipated costs of selling those assets is approximately ,000. John is one of theunsecured creditors and is owed ,000. Immediately following the assignment in bankruptcy, who has possession of the assets of markus. Inc. : (a) creditors of markus developments inc. (b) trustee in bankruptcy of markus developments inc. (c) markus developments inc. (d) employees of markus developments inc. (e) none of the above: billy is having a problem at work.