Suppose that a mechanic owns a building and is renting part of the building's space to a library. further suppose that because the mechanic is the owner, he has the right to make noise during the day while he fixes cars. while the library cannot insist on a quiet environment, it could move to a quieter building. however, rent in the next best building is $400/month more than rent in the noisy building. the mechanic can adopt a new technology that eliminates the noise for $325/month. given this situation, can the library find a private solution with the mechanic that will make both better off?

Destablishing a distribution network

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan