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  3. Study Set
    Business Law Study Set 2
  4. Exam
    Exam 29: Secured Transactions
  5. Question
    If Collateral Consists of Consumer Goods Subject to a Purchase-Money
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If Collateral Consists of Consumer Goods Subject to a Purchase-Money

Question 2

Question 2

True/False

If collateral consists of consumer goods subject to a purchase-money security interest, the secured party must "purchase" the goods on default.

Correct Answer:

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