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A company called Connekt has purchased of some computers from a supplier called ABLE Co. Under the terms of the purchase agreement, one third of
A company called Connekt has purchased of some computers from a supplier called ABLE Co. Under the terms of
the purchase agreement, one third of the purchase price is payable on delivery (1 September 2020), with the balance payable in equal monthly instalments over the following two years. ABLE has not required Connekt provide any collateral as security.
Explain how ABLE could have secured their legal rights to the computers in the event Connekt defaulted on payment?
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