There is a saying that failure is the greatest teacher. I know in order to pursue my dream, I will face failure. This cannot be stopped. Even Albert Einstein and Sir Isaacs Newton faced failure when they are trying to create a great formula that is remained to be used till today. I got influence when I watched a drama titled ‘Brain’. It is a very great drama. To me, brain is most powerful thing in this world. The human brain is the center of the human nervous system. It has the same general structure as the brains of other mammals, but is larger than expected on the basis of body size among other primates. It controls everything that we do.
Brain is a very interesting and unique thing to study about. I would like to perform a surgery on brain. It will be hard, but I am ready because I always am. I will make a lot of money. I will buy my parents a house and they can rest comfortably in the house without doing any difficult works. They had gone through a lot in order to raise me and my sisters. I can always make a research on how to make a good but affordable surgery. It is very crucial because nowadays, the surgery especially on brain is costly. Not all people can afford this. There is not much brain surgery in conducted in Malaysia because there are not many specialists here.
If someone need to undergone neurosurgery, they will fly overseas where the facilities is said to be more perfect. In 10 years from now, Malaysia will change to well develop country. So the facilities here will be more perfect. More brain surgery can be conducted here. Like I said before, it is very important to have a big dream. It is not wrong. Even if you cannot achieve if, just make it as your vision. Dream can help you to prepare to face this challenging world. What am I going through now is just the start. I just find the keys. I am still trying to open the door. When I finally did, I will not hesitate.
Business law M05 Discussion: Royal Jewelers, Inc. v. Light A , replies
Case Facts: Steven Light bought a $55,050 wedding ring for his wife, Sherri Light, on credit from Royal Jewelers, lnc„ a store in Fargo. North Dakota. The receipt granted Royal a security interest in the ring. Later, Royal assigned its interest to GRB Financial Corp. Steven and GRB signed a modification agreement changing the repayment terms. An attached exhibit listed the items
pledged as security for the modification including the ring. Steven did not separately sign the exhibit.
A year later. Steven died. Royal and GRB filed a suit in North Dakota state court against Sherri, alleging that GRB had a valid security interest in the ring. Sherri cited UCC 9-203. under which there is an enforceable interest only if “the debtor has authenticated a security agreement that provides a description of the collateral.” Sherri argued that the modification agreement
did not “properly authenticate” the description of the collateral. including the ring. because Steven had not signed the attached exhibit. The court issued a judgment in GRB’s favor. Sherri appealed.
Issue: Was GRB’s security interest in the ring valid and enforceable?
Decision: Yes. The North Dakota Supreme Court affirmed the lower court’s judgment.
Questions to answer:
1. Do you agree or disagree with the decision that was made by the courts? Why or why not?
2. Why do you think Sherri felt that she was able to appeal? Was her decision impractical? Why?
3. What implications do you think his death should have since he gave Sherri the ring as a gift? Should she still be responsible
to pay the remaining balance?
4. Discuss the ethical implications that you believe are at play with this case.