[NYCaccountant]

Does anyone have an easy way to remember primary and secondary liabilty circumstances for commercial paper? Just really difficult for me when you have 15 transfers of the instrument.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[CPA soon]

I am not sure if this is what you are referring to? Your question is a bit confusing.

With multiple creditors in the same collateral, the general rule is the first to file or perfect has priority.

Exception: A PMSI creditor in non-inventory collateral (e.g., equipment) has priority if (s)he files

within 20 days of attachment.

Exception: A PMSI creditor in inventory collateral has priority if (s)he files prior to the debtor getting

possession and gives written notice to creditors ahead of him prior to the debtor getting possession.

Collateral perfected in one state and moved to another state remains perfected for 4 months after

arriving in the new state.

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[Anonymous]

CPA soon, that's a helpful summary for secured transactions.

[Anonymous]

CPA soon, that's a helpful summary for secured transactions.

[NYCaccountant]

Lol my old question.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[NYCaccountant]

Lol my old question.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[CPA soon]

Lol which is??? 😀

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[CPA soon]

Lol which is??? 😀

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[CPA soon]

Also the way I remember the drawer and drawee and all that is I think of when I go to the bank.

I usually withdraw money, let's assume I am doing the opposite, so I think “Draw”. Then if i am the drawer, then the party I am dealing with is the drawee and i am dealing with the bank. Now the only thing left is the payee, of course the person getting paid.

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[CPA soon]

Also the way I remember the drawer and drawee and all that is I think of when I go to the bank.

I usually withdraw money, let's assume I am doing the opposite, so I think “Draw”. Then if i am the drawer, then the party I am dealing with is the drawee and i am dealing with the bank. Now the only thing left is the payee, of course the person getting paid.

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[Anonymous]

NYCaccountant, I Googled, “Does anyone really use commercial paper?,” because I was having trouble wrapping my head around the use of it, and I found your question. Finally joined another71.com after being a mere observer to chime in. Maybe I just don't want to study today…

[Anonymous]

NYCaccountant, I Googled, “Does anyone really use commercial paper?,” because I was having trouble wrapping my head around the use of it, and I found your question. Finally joined another71.com after being a mere observer to chime in. Maybe I just don't want to study today…

[CPA soon]

LOLLLLLLLLLLLL i was wondering how your display name happened to match the subject 😉

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[CPA soon]

LOLLLLLLLLLLLL i was wondering how your display name happened to match the subject 😉

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[Author]

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