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this question makes no seance. good faith purchase only apply when you buy something from someone that had tittle to good, but tittle was from dishonesty, from impersonating, or a bad check, and you bought the goods from that person for fair market valued, and you get to keep the goods is the store or someone tries to reclaim their stuff.
maybe i am wrong and i don't understand your question, but that's what good faith purchase is.
What else can I help you with?
Can a creditor revoke your Commercial Drivers License?
No.
Should a landlord incorporate or become an llc?
Absolutely, for creditor protection purposes.
What has the author Arturo J Galindo written?
Arturo J. Galindo has written: 'Creditor rights and the credit market' -- subject(s): Debtor and creditor, Credit control, Finance companies 'Creditor protection and financial cycles' -- subject(s): Law and legislation, Business cycles, Credit control, Consumer protection
What happens when two secured parties claim security interests in the same collateral?
When there are two secured parties claiming security interest in the same collateral, the creditor that is perfected (having filed a financing statement) will have priority over the interests of an unsecured creditor or unperfected secured party
What happens if the motion for relief from a stay is denied?
Bankruptcy protection remains in place and the creditor who was denied the stay will remain a part of the bankruptcy and cannot attempt to collect the debt owed.
Can a creditor garnish unemployment insurance benefits?
Such benefits are exempt from creditor garnishments. However, the funds should never be commingled with non exempt monies to assure their protection from a judgment creditor.
What has the author Bernard Ginsburg written?
Bernard Ginsburg has written: 'Notes on new Poor debtor law in Massachusetts' -- subject(s): Debtor and creditor 'Notes on the poor debtor law in Massachusetts' -- subject(s): Commercial law, Contracts, Debtor and creditor
On Net 30 unsecured accounts through businesses can the creditor of the Net 30 account seize the property purchased from them if the original purchaser goes past the Net 30 terms?
No. Not unless it was leased material. there are hundres of free business credit videos at http://gboogie.net
How can a purchaser of debt sue for unjust enrichment thereby claiming the rights via assignment of the prior debt holder when they are not producing the contract?
The purchaser of a debt only has the rights of the original creditor, and must produce the debt instrument, which may or may not be a contract. Proof of the contract terms and breach of the terms must also be produced. Rarely does a debt collector purchase anything other than a promissory note or credit card debt.
What is UCC on a title search?
A UCC recorded in the land records indicates there is certain property installed on the premises that is not paid for. Legally, it puts the creditor in the position of a secured creditor; and a perfected UCC financing statement may be acted on in case of default. In the event of a bankruptcy proceeding, the creditor will be in a better position to enforce its legal rights. For example, if you have a new furnace installed by the local utility company it will record a UCC Financing Statement that will act as a lien against the property until the furnace installation cost is paid. A UCC may be recorded against commercial property when commercial fixtures have been purchased on credit and installed. UCC stands for Uniform Commercial Code. A UCC Financing Statement expires after 5 years unless a Continuation Statement is filed before the 5 year period has expired. It can be continued until the debt is paid.
Is a creditor an asset or liability?
creditor is a liabiliity
Can a car be repo if private seller did not notify court?
In most states, a car cannot be repossessed unless the seller/creditor obtained a lien on the property to secure it. That lien must be perfected with the state, that is the security information must be recorded with the state. Also, in most states, a right to cure must have been signed by the purchaser to allow the lender to recover the vehicle any time any where. Failing all this, and additional requirements in some states, a private seller cannot legal repossess a vehicle without going through the courts and securing some sort of order such as a replevin.
