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Posting-Version: version B 2.10 5/3/83; site utcsrgv.UUCP
Path: utzoo!utcsrgv!dave
From: dave@utcsrgv.UUCP (Dave Sherman)
Newsgroups: net.legal
Subject: Re: Unintentional creditors in business bankrupcies
Message-ID: <3006@utcsrgv.UUCP>
Date: Thu, 29-Dec-83 11:39:23 EST
Article-I.D.: utcsrgv.3006
Posted: Thu Dec 29 11:39:23 1983
Date-Received: Thu, 29-Dec-83 12:34:52 EST
References: <1159@eagle.UUCP>
Organization: The Law Society of Upper Canada, Toronto
Lines: 19

-- From: fmc@eagle.UUCP (F.M.Carlson):
-- How would one protect oneself from the following:
-- 	Joe buys a TV from a dealer on credit.
-- 	Joe sells unsuspecting victim TV for cash.
-- 	Joe goes bankrupt.
-- 	TV dealer wants TV back.
-- 	What rights does unsuspecting victim have in this case?

In Ontario and probably many states, Unsuspecting Victim would be
a little more suspecting and would spend the $2 for a Personal
Property Security Act check on Joe. He would find a record of
the dealer's security interest registered, and would stay away
from the TV.

Dave Sherman
The Law Society of Upper Canada
Toronto
-- 
 {allegra,cornell,decvax,ihnp4,linus,utzoo}!utcsrgv!dave