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    Dynamic Business Law Study Set 1
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    Exam 19: Secured Transactions and Bankruptcy
  5. Question
    A Purchase-Money Security Interest (PMSI)is Formed When a Debtor Uses
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A Purchase-Money Security Interest (PMSI)is Formed When a Debtor Uses

Question 86

Question 86

True/False

A purchase-money security interest (PMSI)is formed when a debtor uses borrowed money from an unsecured party to buy the collateral.

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