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Which of the Following Statements Below Is Correct About a Pawnbroker

Question 48

Multiple Choice

Which of the following statements below is correct about a pawnbroker?


A) A pawnbroker is always considered a buyer in ordinary course of business.
B) A pawnbroker always retains physical possession of the real property offered as collateral.
C) A pawnbroker retains the right to a security interest even if the property is sold to a buyer in the ordinary course of business.
D) A pawnbroker, in most cases, is engaged in illegal usurious activities.

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