Identify all outstanding security interests in the aircraft.
Post your thorough and complete answers to the following scenarios. Provide the scenario numbers in your answer.
Scenario 1:
You are in the market to buy an aircraft and have identified one that appears that it would meet your needs and is in your price range.
How will you:
a. determine who owns the aircraft,
b. identify all outstanding security interests in the aircraft,
c. obtain the release of all such security interests, and
d. determine the condition of the aircraft?
Scenario 4:
For a nation or union of nations other than the U.S.:
a. Identify any counterpart to the Uniform Commercial Code.
b. Compare and contrast the provisions of that law to those of the UCC relating to
–Warranties
–Security interests
c. Provide hyperlinks to references relied on.
