49.A mutual mistake of fact means that there is no contract.

True / False

50.What is a PMSI?

A.A possession money secured interest, which is the interest that a consumer has when the consumer purchases goods.

B.A purchase money security interest, which is a security interest that secures repayment of money used to buy collateral.

C.A purchase mechanism security incentive, which encourages consumers to pay for goods over time to build up their credit histories.

D.A purchase money secured interest, which is a security interest that secures payment of money for collateral to a third-party beneficiary.

E.None of the above.