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[Solved] business law Priority

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Steve owns a car. He decides that he needs a loan in order to improve his house, so he goes to Liv. He agrees to give Liv a security interest in the car in exchange for $4,000. Two weeks later he deci ... des that he needs more money. He goes to Dane. He gives Dane a security interest in the car in exchange for $10,000. Dane files a financing statement to perfect the interest. A week after that Liv does the same. Eventually, Steve defaults in his payments. The car is repossessed, and it is sold for $3,000. How much money will Dane receive? How much money will Liv receive? [Show More]

Last updated: 3 years ago

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