Description

Scenario I – Debtor Creditor In partnership with American Express, Komatsu requests that all employees at the rank of supervisor and above apply for a corporate credit card to be used for pay for travel, training and similar expenses.   Jake Johnson, the manager of the distribution center, applied for and was issued a corporate card and used it to take his wife to France for their 10th wedding anniversary. If Jake does not pay the charges, is Komatsu liable? Why or why not?  Discussion Question Part II Based on the Cleaning business you started in Week 1, answer the following questions in one to two paragraphs. Use laws, examples or cases to support your response. Consider the product or service you selected in Week 2. Describe how you plan to structure extension of credit to your customers to ensure the most protection for your company in the event the customer falls behind on payments or files for bankruptcy.  Assume that your business will offer some type of credit arrangements even if you do not have plans to offer the credit option. What type(s) of insurance policies will you need for your business? Identify a company located in your state of Kansas that can supply at least one of the insurance policies you will need. Assume that your business will purchase at least one piece of equipment or it will sell one piece of equipment that will require a security interest.  Identify the equipment and explain how the security interest works.