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The Personal Property Security Act (PPSA)fulfills a Number of Purposes

Question 28

Multiple Choice

The Personal Property Security Act (PPSA) fulfills a number of purposes.Which of the following describes one of those purposes?


A) prohibiting misleading statements in credit applications
B) protection of the public from unscrupulous lenders
C) determining priority among creditors
D) protecting borrowers from exorbitant interest rates

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