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Case study » GradesGroom
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Case study

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The case presented will be between Betty Blaine, owner of Ad consults Ltd, computing supplies Inc and the bank. The legal issue between the bank and the computer supplies Inc will be that the bank had registered their security agreement under provincial personal property security legislation. In contrast, the computer supplies Inc had not made the bank have a stronger case than the computer Supplies Inc. Another legal issue will be that the assets seized by the bank after Betty defaulted on her loan that the bank gave her were not hers, but she had leased it from the computing supplies Inc.  The group’s legal view is that the computing supplies Inc will sue Betty for using the assets they had leased her as collateral and will request to be paid by her. The bank will have no case with computing supplies Inc since their agreement was not registered. Another legal issue would be Betty’s failure to make payment even if the turned out to be void or voidable against her company or creditors, who was the personal guarantee for payment on each lease in the event that her company would default, which they did. Thus, betty had a case to answer.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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