Question
Jason selects an industrial ice cream machine from a local appliance manufacturer and Jason is met with the same buy or rent decision as above.
Jason selects an industrial ice cream machine from a local appliance manufacturer and Jason is met with the same "buy or rent" decision as above. The manufacturer offers a payment plan but requires Jason to sign a "security agreement". If Jason doesn't pay the rent on his land, the landlord might seize the ice cream machine unless the manufacturer:
Requires Jason to post a copy of the security interest agreement on the premises.
Clearly indicates on the Ice Cream machine that they have a security interest in it.
Registers their interest at the Personal Property Security Registry.
Advises the Landlord before delivering the ice cream machine that they have a security interest in it.
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