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  2. Topic
    Business
  3. Study Set
    Legal Environment of Business
  4. Exam
    Exam 13: Credit, Secured Transactions, and Bankruptcy
  5. Question
    ________ Is an Interest a Creditor Automatically Obtains When He
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________ Is an Interest a Creditor Automatically Obtains When He

Question 1

Question 1

Multiple Choice

________ is an interest a creditor automatically obtains when he or she extends credit to a consumer to purchase consumer goods.


A) purchase money security interest
B) cumulative security interest
C) future advance monetary interest
D) default interest

Correct Answer:

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