Do you have to me Mormon to work at Chick-Fil-A? |
Additional Details I am just asking, gosh, I heard it was owned by mormons, and that is why they arent open on sundays. I am asking to ... |
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I don't like my job, but I can't quit. What can/should I do? |
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WalMart...I saw a documentary...? |
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How can I sell my items quicker on ebay?? |
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Is it ok to address donation letters to stores "Dear Store Manager", or should I call and ask for? |
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Has any heard of a product called "Fat DrainR"?IIs this a scam? |
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Where can I register a complaint about Best Buy? |
I got ripped off on a rebate due to deceptive business action by a Bestbuy.com phone employee, now I want to send a complaint to someone who can take action (I hope). Additional Details B... |
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When will my FedEx package come? |
Ship date
Sep 22, 2008
Service type
Ground-Direct Signature Required-Domestic
Weight
1.8 lbs.
Status
In ... |
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Does wearig glasses make you less successful in sales ? |
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Does UPS work on weekends? |
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Nick S | If a company goes into liquidation can i go into company and take back whats not been paid for? |
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Pat
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I don't think so. The goods will be part of the company's assets, and you're just one of the creditors. i'm afraid your unlikely to get back the full value of the goods even if your a creditor who's got preference (and they're often banks). |
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old know all
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No. It doesn't belong to you. The liquidator will sell all of the company's assets and distribute the proceeds among the creditors. You're owed money not goods and you'll need to wait your turn. |
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Lord drydreamer of that ilk
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No you join a list of creditors who may be owed money by the company and the liquidators will decide what you can have |
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davetumalty
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It depends on your terms of sale, If you have a retention of title clause in your terms of sale you may be allowed to.
My terms of sale includes a retention of title clause which states all items remain the sole property of the company (my company) until paid for infull, The customer grants the company irevokable permission to enter onto their premisis in order to retreve such items.
If you have this in your terms and conditions take a witness with you preferable a bailift and go and get them, However if you dont have any such clause then you will need to wait for the liquidator to sell everything and divide the money between the creditors, |
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blcohen529
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Absolutely Not. Liquidation will only be utilized in conjunction with Federal Bankruptcy laws, in which case, Creditor rights are protected only with strict compliance to notice and filing requirements generally under Article 9 of the particular jurisdiction's Uniform Commerical Code (UCC). Otherwise, liquidation is carried forward through an assignment for the benefit of creditors. If this is the case you must find the identity of the liquidator and contact them in the slim hopes that you might file a claim for a pro-rata settlement. You have very few defenses if you lack a security agreement filed properly specifically giving you a priority security interest in the specific goods, wares and merchandise sold and delivered.
If your loss is potentially significant, contact a commercial law attorney and see where you fit into the legislative stream.
Good luck. And to avoid repeating this common type of fiasco, retain counsel before you agree to extend significant credit to a customer, even or particularly where you are expecting nearly immediate or very short term repayment of a considerable amount of money. |
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sailor
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No, you will be breaking the law, I know it seems harsh but you will be stealing. |
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tripurari jha
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No, you need to wait for government appointed liquidator who will sell all the assets and distribute the proceeds as per the law. If you are in the list of preferred creditor your turn can come first. |
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zephyrwind
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I suppose so, but don't do it personally. Get a lawyer and do it through legal channels.
It would make sense that you should have claim on goods that have not been paid for, since it would be unfair for the company to liquidate things they do not own. |
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