chp10-13

Chapter 13 Assignments and Objectives.html

Objectives-Chapter 13

4.1 Identify, list and memorize all of the requirements for a negotiable instrument and the major types of negotiable instruments.  

4.2  Explain and illustrate the steps to take when applying for credit.  

4.3  Illustrate, list and give examples of the different types of credit accounts, where you apply for credit, and what security is needed in order to obtain credit.  

4.4  Review and summarize  Article 3 of the Uniform Commercial Code (located in Appendix D of  your text), which governs Negotiable Instruments and secured transactions.  

4.5  Identify and list the three types of Bankruptcy, and the elements of each. 

There are many articles regarding negotiable instruments. View this article that explains the different types of negotiable instruments. 

Readings

Read Chapter 13 carefully.

Chapter 13 Part 1:

Discussion Question, page 320 regarding the basic differences between Chapters 7, 11, and 13 bankruptcy.  Your discussion answer must be complete and at least 500 words.  There are a lot of helpful articles online regarding bankruptcy.  Here is one article on the topic, but you need to search the web for more for your discussion answer.  You may also use your textbook.    

Be sure to review the rubric for this assignment.  Chapter 13 Part 1 Rubric

Chapter 13 Part 2:

Case question #5. on page 321.  You will need to review the case of Krumme v. Moody, 910, P.2d., 993  Sup. Ct., Ok. (1996) 

This is a good discussion of who is a surety and who is just an "accommodation party" when signing a negotiable instrument and who is obligated to pay.  Fully answer the question regarding whether or not Moody was obligated to pay.  Minimum of 500 words.  

Be sure to review the rubric for this assignment.  Chapter 13 Part 2 Rubric

Important cases to remember for this chapter are:  Fordyce Bank v. Bean and In the Matter of K-Mart Corporation

Submission Instructions

• All  Assignments have a due date.  The due date for all Chapter 13 assignments is July 18th and I will not accept them late. 
• Be sure to upload your files into the appropriate Dropbox.  You can access the dropboxes by going to Tasks in the top menu bar and selecting Dropboxes from the dropdown menu.