foreclosure may well lose all of its purchase price when and if it is finally determined that the lessor would not agree to the foreclosure sale.
Buyers at foreclosure sales (Burns Oil Company in the above example) will simply have to perform minimal due diligence prior to the sale to insure that they do not pay money for a lease which cannot be assigned without the permission of the lessor or its successor in interest. Since, by definition, they too are not good faith purchasers for value, and if a foreclosure deed is issued, a buyer at
© 2020 Terry E. Hogwood
Leadership Lines
Are measured, not monitored… Are people, not personnel… Are sold on what to do, not told… Are instrumental, not instruments…
“Between stimulus and response, there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.” Viktor E. Frankl “How wonderful it is that we need not wait a single mo- ment before starting to improve the world.” Anne Frank “Success is not final; failure is not fatal: it is the courage to continue that counts.” Winston Churchill “Take the attitude of a student, never be too big to ask questions, never know too much to learn something new.” Og Mandino (https://www.ogmandino.com) FOCUS: What you focus on is your choice and you need to hold yourself accountable for your choices in life. Focus on your strengths to help you find purpose in your life. Dis- cipline can help you set priorities and concentrate. If you know what to do but never get it done, you have priorities without concentration. If you have concentration but no priorities, you experience excellence without progress.
Are workers, not worked… Are contributors, not costs… Are needed, and heeded.”
“Eat That Frog! 21 Great Ways to Stop Procrastinating and Get More Done in Less Time”** by Brian Tracy “The Seven Habits of Highly Effective People”** by Ste- phen R. Covey Habit Three – Put first things first. Avoid trivial activities, procrastination and busywork. Learn to be ef- ficient in handling interruptions, phone calls, email, mail, reports, meetings and general business matters. “Sacred Cows Make the Best Burgers”** by Robert J. Kriegel “The Gifts of Imperfection”** by Brene’ Brown (several TED Talks available on YouTube) “The One Minute Manager”** by Kenneth Blanchard, Ph.D. and Spencer Johnson, M.D. “Who Moved My Cheese?”** by Spencer Johnson, M.D. (No time to read? Watch the 11-minute YouTube movie). Sometimes the best strategy in life is to change direction, implement new ideas, learn new skills or try a new way of doing things that is more productive. In other words, don’t get caught in the same old rut. “Walk the Talk…And Get the Results You Want”** by Eric Harvey and Alexander Lucia “Hardwiring Happiness”** by Rick Hanson, Ph.D. (2013 TED Talk available on YouTube)
“Lack of direction, not lack of time, is the problem. We all have twenty-four-hour days.” Zig Ziglar
READING IDEAS: In his book “How to Become CEO: The Rules for Rising to the Top of Any Organization”**, Jeffery J. Fox writes: “People are more than people. They are individuals. They are mothers, fathers, soccer coaches, charity workers, PTO volunteers, Sunday school teachers, and contribu- tors. They can do a lot if it is appreciated, and they can do more if they are motivated and thanked. Excellent leaders make people feel that they:
**Available on Good Reads (www.goodreads.com). May be free for Kindle. Check your local library listings.
Are asked, not questioned… Are overpaid, not underpaid…
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N a t i o n a l A s s o c i a t i o n o f D i v i s i o n O r d e r A n a l y s t s
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