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Author Archives: Anonymous

Assume the following timeline.May 1 — Ace Bank loans money…

Assume the following timeline.May 1 — Ace Bank loans money to Kramer Company to fund the purchase of Equipment A. Ace Bank requires Kramer to sign a security agreement that provides that Ace Bank gets a security interest in Equipment A as well as a security interest in all equipment and inventory that Kramer may acquire in the future.May 2 — Equipment A is delivered to Kramer.May 4 — Bobs Bank loans money to Kramer Company to fund the purchase of Equipment B. Bobs Bank and Kramer sign a security agreement that provides that Bobs Bank gets a security interest in Equipment B, plus Bobs Bank also gets a security interest in Equipment A and all other currently owned equipment and inventory and all equipment and inventory that Kramer may acquire in the future.May 5 — Equipment B is delivered to KramerMay 6 — Bobs Bank files a financing statement relating to the collateral.May 8 — Ace Bank files a financing statement relating to the collateral.May 10 — Kramer Company uses its own funds to buy Equipment C.June 10 — Kramer goes broke and defaults on everything.Who is entitled to what?

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Which of the following parties can obtain and benefit from a…

Which of the following parties can obtain and benefit from a PMSI?

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Solar easements in Minnesota

Solar easements in Minnesota

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The square root of 144 is

The square root of 144 is

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Kramer leased a property to Ms. Tenant for a term of one yea…

Kramer leased a property to Ms. Tenant for a term of one year.  The property has a house and a garage.  Ms. Tenant likes making small furniture, so she installed a workbench, which she bolted to the studs and the joists of the garage.  She also bolted a bandsaw, a vise and a lathe to the workbench. Six months later, Kramer defaulted on the mortgage loan he owed to Bremer Bank, and Bremer Bank began a foreclosure action.  Bremer Bank told Ms. Tenant that she cannot remove the workbench or the equipment that is bolted to it.  Does Ms. Tenant have the legal right to remove any of this?  What factors would a court consider? Show me 3 points worth of knowledge.

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A and B have adjoining property. A granted an easement to B…

A and B have adjoining property. A granted an easement to B to use a driveway that runs across A’s property. This is an example of

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Kramer owns the dominant estate that benefits from an easeme…

Kramer owns the dominant estate that benefits from an easement that allows automobile access across Serge’s property, which is directly west of Kramer’s property.  Kramer no longer needs the easement, and so he built a rock wall along the western boundary. Serge now wants to build a pool on a portion of his land that is part of the easement.  Can he? Why or why not?

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Under Montana law, dinosaur fossils are treated as minerals.

Under Montana law, dinosaur fossils are treated as minerals.

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Based on the following facts, what is the result under Minne…

Based on the following facts, what is the result under Minnesota law? A subcontractor timely delivered a proper 514.011 notice and timely filed a proper statement of claim. In order to maintain a valid lien on the property that is good against both the property owner as well as third parties who might purchase the property, the subcontractor must begin her lawsuit and file a notice of lis pendens

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Kramer died. [A moment of silence] Kramer’s will makes the f…

Kramer died. [A moment of silence] Kramer’s will makes the following testamentary grant of real property: “To A for the life of B.” When B dies, who will have an interest in this property?

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