Welcome. This is the third written assignment in BL 480. Before you begin the assignment, re-read the sections of the course syllabus (see class webpage) dealing with “Written Assignments” to ensure that you understand the format (cover page plus no more than two type-written double spaced pages, content of the cover page, Code of Honor statement, etc.). You will be graded both on your response to the assignment (substance) and on having followed the directions (procedure). The issues are fairly narrow and will allow you to apply your knowledge of negotiable instruments. Verbiage will not be rewarded but the thoughtfulness and thoroughness of your response will be. Remember, identify each legal issue, state each legal issue and the general rule of law applicable to that issue, then go to the next issue.Written Assignment #3: Recall that Kyle and his family own a successful produce business near Whitehouse, AL, close to Hamilton and Fayette. Their produce (fresh and canned vegetables, fruits, etc.) is sold under their own label, Alabama Sunshine. Kyle likes the small town environment of Whitehouse/Hamilton/Fayette where business is usually done based on relationships and a handshake and everyone knows everyone else’s business, both good and bad.Although Kyle grows the produce that he sells in his market and ships to Alabama Best Food, Inc. (recall WA1 and WA2), he wants to expand the merchandise in his store to include dry goods, garden supplies and equipment, and some hardware. He approaches his high school buddy, Bobby, who is now the president of Fayette National Bank (FNB), about a loan using his inventory as collateral. Since Kyle sells to the public, Bobby has some reservations and tells Kyle that he will have to think about the risks and how he can protect the Bank should Kyle’s venture not be fruitful. Bobby explains that he has financed inventory for other merchants, having lost money on some loans, and needs to figure out a way to better protect his Bank’s interests.Being good friends, Bobby confides in Kyle that Sara, who owns a furniture store in nearby Winfield, borrowed $70,000 a couple of years ago from FNB, and granted a security interest to FNB on her present and after-acquired inventory. Sara liked her employees and family and enjoyed making people happy, probably too much so. Employees could select pieces of furniture and place it in their offices and even some employees, with Sara’s knowledge carried furniture home. One of Sara’s managers often took pieces of furniture home during special holidays or when she was expecting overnight guests. The understanding was that this furniture would be sold as floor models after a few months, but that rarely, if ever, happened. Most of the furniture has been in the employee offices or homes since shortly after the store opened. Sara also loaned several pieces of furniture to her family with the understanding that she can take the pieces back and sell them at any time. Now Sara is in default on the debt to FNB and Bobby is concerned that FNB may not be able to recover the furniture in employee homes, as well as those pieces in the homes of Sara’s family members.As happens in many small towns, friendships influence business. Bobby also confides in Kyle that a classmate of theirs, Tom is also in financial trouble. Tom is a retailer of auto parts and buys his inventory from Ole Miss, Inc., a parts manufacturer in a neighboring state. To finance his inventory, Tom buys the parts from Ole Miss on credit, signing a promissory note and giving Ole Miss a security interest in his inventory. To Bobby’s knowledge and belief, Ole Miss perfects this security interest. However, Tom from time to time also needs cash for working capital, so Tom occasionally borrows money form FNB, giving FNB a security interest in the store’s inventory. In a recent instance, FNB perfected this security interest before Ole Miss perfected its security interest. Now Tom cannot pay his debts, so both Ole Miss and FNB are in the process of attempting to foreclose on the collateral and Bobby is worried that he may have made a bad business decision. Kyle and Bobby work out the details of their financial relationship and Kyle moves on to other projects. Kyle needs to replace some of the agricultural equipment, especially a large John Deere tractor and twelve row planter that he uses in the fields to grow his produce. He has approximately $150,000 in cash to put toward the purchase price for a replacement tractor and planter, which is listed for $450,000. Feeling that he has bargained too much with Bobby, Kyle goes to Winfield Bank & Trust (WB&T) and borrows $250,000 for part of the purchase. Kyle buys the tractor and planter, using the cash from WB&T, the $150,000 in cash on hand, and by drawing $50,000 on a preexisting unsecured line of credit. Kyle and WB&T execute a security agreement on February 9 and Kyle acquired the tractor and planter on February 12. On April 1, Kyle went to Fayette County National Bank (FCNB) and signed an agreement to borrow $50,000 which would be used to pay back the line of credit used in the purchase of the equipment. FCNB extended the credit to Kyle on April 3, and filed a valid financing statement on April 15. On April 10, Kyle went to Jasper Savings & Loan (JS&L) and borrowed $75,000 using the equipment as collateral. On the same day, WB&T properly filed a copy of the security agreement with Kyle. Unfortunately, an exceptional early wet and cool spring and daily high winds have caused Kyle’s farming operation to fall on hard times and now, he feels that he might default on his debts involving the tractor and planter. While feeling the financial pinch and shaken by his bad fortunes, Kyle is visited by a life insurance salesperson, Slick Wally. Wally did an especially good job of selling, and Kyle decided to buy several policies, naming Alabama Sunshine as the beneficiary on each. In addition to a policy on himself, Kyle purchased one policy each on the life of his wife, his mother, his youngest son, his aunt, his uncle, and the elderly man who lives next door. Kyle has been married for 14 years, which was shortly after he graduated from UNA. His mother is 62 years old and provides no support to Kyle. In fact, Kyle has very little contact with her as she lives in Tunica, MS, working at one of the riverboat casinos dealing blackjack and Kyle spends all of his time trying to make his business successful. His aunt provides no support now but did help when Kyle was young and his parents had difficulty making ends meet raising tobacco. Kyle’s father had hoped to get rich raising tobacco in Alabama but the venture only chewed up the family’s savings and thrust them into hard times. Kyle does receive $10,000 each year as a gift from his uncle, but otherwise receives nothing from him. And, Kyle has known the elderly man next door for 11 years and often assists the old man when he needs help. Kyle knows that insurance is a gamble but feels that the money will be an investment and was well spent.Having cooled off from the excitement of buying the insurance policies and feeling the reality of his financial dilemma, Kyle comes to you, his college confidant and counsel, for advice about his situation. Kyle knows that you are knowledgeable in the finer points of secured transactions, bankruptcy, and insurance and he trusts your guidance during troubling times and worrisome situations. He also wants you to offer him some advice that he can share with his buddy, Bobby.Note: To help you organize your thoughts read the fact set; decide which facts are relevant and which are merely verbiage; based on the information in Unit 3, decide which legal information is relevant to the facts; then state the relevant facts, state the relevant law, and apply the law to the facts, taking the issues one at a time. WA3 has six or more main issues with possibly related issues. Be aware that the issues are difficult. There are no significant minor issues intended in WA3. Submit your work via the WA3 Dropbox.

This exercise should be done in "EXCEL SPREADSEET".Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000 annual contribution a must.First, consider Lisa’s savings. She began working at age 20 and began making an annual contribution of $2,000 at the first of the year beginning with her first year. She makes 13 contributions. She worked until she was 32 and then left full time work to have children and be a stay at home mom. She left her IRA invested and plans to begin drawing from her IRA when she is 65.Bob started his IRA at age 32. The first 12 years of his working career, he used his discretionary income to buy a home, upgrade the family cars, take vacations, and pursue his golfing hobby. At age 32, he made his first $2,000 contribution to an IRA, and contributed $2,000 every year up until age 65, a total of 33 years / contributions. He plans to retire at age 65 and make withdrawals from his IRA.Both IRA accounts grow at a 7% annual rate. Do not consider any tax effect.Write a two to three (2-3) paragraph summary in which you:Create a chart summarizing the details of the investment for both Bob and Lisa.Explain the results in terms of time value of money.attached is one exemple on how to creat the chart with formula.

Read “Suburban Homes Construction Project” at the end of Chapters 2 and 3 (in the textbook). Then select a "project selection model to maintain a balanced portfolio;" after which, submit your model in this forum as an initial post and explain in that post why you chose the model you did. Please provide references, maintain APA format and citations