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    Fundamentals of Business Law Study Set 1
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    Exam 20: Security Interest in Personal Property
  5. Question
    When Collateral Consists of Consumer Goods Subject to a Purchase-Money
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When Collateral Consists of Consumer Goods Subject to a Purchase-Money

Question 70

Question 70

True/False

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

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