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content area top Part 1 A farmer purchases equipment from a manufacturer. The farmer obtains a loan to purchase the equipment from a bank, which

content area top Part 1 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-secured B. three-party; buyer-debtor; lender-secured C. two-party; buyer-debtor; seller-lender-unsecured D. two-party; seller-lender; buyer-debtor-secured E. three-party; seller-lender; buyer-debtor-secured

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