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A farmer purchases equipment from a manufacturer. The farmer obtains a loan to purchase the equipment from a bank, which obtains a security interest in
A farmer purchases equipment from a manufacturer. The farmer obtains a loan to purchase the equipment from a bank, which obtains a security interest in the equipment. The equipment manufacturer is paid for the equipment out of the proceeds of the loan. This is a __________ secured transaction. The manufacturer is the seller, the farmer is the __________, and the bank is the ___________ creditor. Question content area bottom Part 1 A. two-party; buyer-debtor; seller-lender-unsecured B. two-party; seller-lender; buyer-debtor-secured C. three-party; buyer-debtor; lender-secured D. three-party; seller-lender; buyer-debtor-secured E. two-party; buyer-debtor; seller-lender-secured
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