30.1 Given the case above, breifly identify the Issue, the Legal Rule (Legal Tes

Question

30.1 Given the case above, breifly identify the Issue, the Legal Rule (Legal Test), the Facts Applied to the Test (Analysis), and the Conclusion/ Holding of the case.

Royal Jewelers, Inc. v. Light Supreme Court of North Dakota, 2015 ND 44, 859 N.W.2d 921 (2015). Background and Facts Steven Light bought a $55,050 wedding ring for his wife, Sherri Light, on credit from Royal Jewelers, Inc, 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

Explanation / Answer

30.1 Given the case above, breifly identify the Issue, the Legal Rule (Legal Test), the Facts Applied to the Test (Analysis), and the Conclusion/ Holding of the case.

Royal Jewelers, Inc. v. Light Supreme Court of North Dakota, 2015 ND 44, 859 N.W.2d 921 (2015). Background and Facts Steven Light bought a $55,050 wedding ring for his wife, Sherri Light, on credit from Royal Jewelers, Inc, 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

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