As in the example above, a person buys a car and then doesnât pay for it as they agreed to in the contract. The repossesor can, however, take items, such a car or motorcycle, if it is located in an unsecured driveway, street, parking lot, and other publicly accessible areas at any time of day or night.No, in fact there are number of different types of items that can be repossessed by a creditor to satisfy the secured debt including:Perhaps youâve heard of the ubiquitous repossession man or ârepo man,â a shadowy figure who creeps up to your house in the middle of the night to take your back your shiny new sports car because youâve defaulted on your car loan.
521.052. BUSINESS DUTY TO PROTECT SENSITIVE PERSONAL INFORMATION. ... parking area of a retail establishment with the intent to temporarily or permanently deprive the owner or retailer of possession of the cart. 1941, Ch. possession Dominion over, and exclusive control and use of, a material object or property resulting from the fact of holding it (whether rightly or wrongly) in one's power. 44. ) According to The Chicago Manual of Style, if the s at the end of a singular word is pronounced, the possessive is formed by adding 's. The same is true for words ending in x or z: boss's office, Alex's wallet. SPECIAL BUSINESS REGULATIONS [18400 - 22949.51] ( Division 8 added by Stats. These are typically car loans or home mortgages.So what exactly is repossession and how does it happen? Repossession is a process wherein a creditor takes possession of specific property after the debtor defaults on a contract. Sounds like something out of a bad network television show, but in reality, creditors do have rights of repossession in certain circumstances and they can send a person out to take possession of any items a consumer or business doesnât pay for as agreed upon in the contract.Note, creditors are allowed to repossess property in many circumstances because they are âsecured creditors,â meaning the lenders have an ownership interest in the borrower's property. But unless you're required to follow AP, I recommend including the s for consistency with pronunciation.I tried googling it and seem to get both answers... thought i'd turn to the smartest people i know. If the s, x, or z is not pronounced, the s after the apostrophe may be omitted: Illinois' capital, Margaux' necklace. However, that doesnât mean you can hide the property away in a location that would make it impossible for the repossesor to enter. However, if the 's would be awkward, avoid the possessive and use of instead: the governor of Texas, the history of jazz. Possession is said to be the "nine-tenths of the law" and is a prima facie evidence of ownership-good against any other claim, except that of …
The right of repossession is created by contract and can exist in many different types of transactions.Contact a qualified business attorney to help you address the finances vital to your business. In fact, in many states hiding or concealing the vehicle to deprieve it from the legal owner can be a crime. Sounds like something out of a bad network television show, but in reality, creditors do have rights of repossession in certain circumstances and they can send a person out to take possession of any items a consumer or business doesn’t pay for as agreed upon in the contract. Follow this practice only if you're certain of the pronunciation.So basically, follow the style under which you're writing … or make up your own and be consistent with it.Thank you kindly, i think this covers exactly what i was needingFowler's Modern English Usage recommends omitting the s after the apostrophe with names ending in an iz sound, as in Beau Bridges' brother.if you could cite a source also, that'd be great.The Associated Press Stylebook omits the s after the apostrophe altogether in singular words ending in s. Since newspapers are pressed for space, I suppose they can be forgiven (although I'm not sure I'll be forgiven for that pun). (a) A person commits an offense if, without the effective consent of the owner, the person: (1) enters a habitation, or a building (or any portion of a building) not then open to the public, with intent to commit a felony, theft, or an assault… According to The Chicago Manual of Style, if the s at the end of a singular word is pronounced, the possessive is formed by adding 's. The same is true for words ending in x or z: boss's office, Alex's wallet. (a) A business shall implement and maintain reasonable procedures, including taking any appropriate corrective action, to protect from unlawful use or disclosure any sensitive personal information collected or maintained by the business in the regular course of business. Sec.
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