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  3. Study Set
    Business Law and the Regulation of Business Study Set 3
  4. Exam
    Exam 37: Secured Transactions and Suretyship
  5. Question
    Willton Bros
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Willton Bros

Question 72

Question 72

True/False

Willton Bros. obtains from Marbowe Manufacturing a line of credit of $100,000, of which Willton initially uses $27,000 for purchase of inventory. Marbowe may only have a security interest in the inventory that covers the initial $27,000 advance.

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