avillarreal1241 avillarreal1241

25-05-2021
Business

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Shelly needs $3,500 to buy equipment for her new business. Ted agrees to loan Shelly $3,500, accepting as collateral Shelly's car. They put their agreement in writing and sign it. Shelly keeps possession of the car. Does Ted have an enforceable security interest

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hunterarmstrong2018 hunterarmstrong2018

25-05-2021

Yes Shelly has to pay interest to Ted because she borrowed a loan and each month it doesn’t get payed back is interested unless Ted said he didn’t want interest

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