Secured

Transact
ions

Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th

Ed.
Fall 2006,
STCL, Prof.
Musselman

Assignmen
t 1:

Remedies
of
Unsecured
Creditors
Under

State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a

liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture

but didnt have

the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to

Lisa. Jeff and

Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of

months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.

Now Lisa and

Jeff havent
spoken for two
months, and she
still hasnt paid
anything.

Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to

four hours of
consu

Secured
Transact
ions

Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th

Ed.
Fall 2006,
STCL, Prof.
Musselman

Assignmen
t 1:

Remedies
of
Unsecured
Creditors
Under

State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a

liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture

but didnt have

the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to

Lisa. Jeff and

Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of

months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.

Now Lisa and

Jeff havent
spoken for two
months, and she
still hasnt paid
anything.

Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to

four hours of
consu

Secured
Transact
ions

Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th

Ed.
Fall 2006,
STCL, Prof.
Musselman

Assignmen
t 1:

Remedies
of
Unsecured
Creditors
Under

State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a

liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture

but didnt have

the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to

Lisa. Jeff and

Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of

months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.

Now Lisa and

Jeff havent
spoken for two
months, and she
still hasnt paid
anything.

Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to

four hours of
consu

Secured
Transact
ions

Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th

Ed.
Fall 2006,
STCL, Prof.
Musselman

Assignmen
t 1:

Remedies
of
Unsecured
Creditors
Under

State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a

liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture

but didnt have

the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to

Lisa. Jeff and

Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of

months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.

Now Lisa and

Jeff havent
spoken for two
months, and she
still hasnt paid
anything.

Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to

four hours of
consu

Secured
Transact
ions

Keyed to
Lopucki &
Warren,
Secured Credit:
A Systems
Approach, 5
th

Ed.
Fall 2006,
STCL, Prof.
Musselman

Assignmen
t 1:

Remedies
of
Unsecured
Creditors
Under

State Law
Problem Set 1
P1.1. A year
ago, the local
Fun Furniture
Outlet was
having a

liquidation sale.
Lisa
Charney
wanted to buy
some redwood
lawn furniture

but didnt have

the cash. Her
friend and
neighbor,
Jeffrey Reed,
lent $1,000 to

Lisa. Jeff and

Lisa were good
friends, and
Lisa said she
would pay him
back in a
couple of

months. When
she did
not, Jeffs
reminders
became
increasingly
acrimonious.

Now Lisa and

Jeff havent
spoken for two
months, and she
still hasnt paid
anything.

Jeff is a
journeyman
electrician
whose union
has legal
insurance
entitling Jeff to

four hours of
consu