Multiple Choice
A business purchases an airplane from an airplane manufacturer. The business obtains a loan to purchase the airplane from a bank, which obtains a security interest in the airplane. The airplane manufacturer is paid for the airplane out of the proceeds of the loan. This is a(n) ________ transaction.
A) two-party secured
B) three-party secured
C) perfected
D) attached
Correct Answer:
Verified
Correct Answer:
Verified
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