Ok, I needed to turn my brain off for a while today, so of course I turn on the most mind-rotting crap available… which of course is SpongeBob SquarePants!

So this is the storyline: Mr. Crabs wants to talk to money, so he says he will give anything for that power. Of course the ghost of the Flying Dutchman appears and is willing to grant him his wish in exchange for his eternal soul in the afterlife. Mr. Crabs accepts the offer and starts talking to his money.

After a while, Crabs realizes how incredibly stupid and annoying his wish is, and wants to cancel the contract. Of course the Flying Dutchamn refuses, and wants Crabs’ soul. Mr. Crabs however, had already sold his soul to about a half dozen cartoon ghosts and SpongeBob for being $5 short on payday.

So , all you accounting people: who has claim to Mr. Crabs’ soul given that Bikini Bottom is in a race-notice jurisdiction, with none of the claimants holding a properly perfected security interest?

« »