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please answer using IRAC Enterprise Rent-A-Car (Enterprise) purchases 100 cars from General Motors (GM) on January 1, 2020. They sign a promissory note with GMAC

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Enterprise Rent-A-Car ("Enterprise") purchases 100 cars from General Motors ("GM") on January 1, 2020. They sign a promissory note with GMAC for $5,000,000.00 due in 1 year at 10% interest. The parties also sign a security agreement listing these 100 cars as collateral. The cars are delivered mid-January and driven like they were being used to qualify for the Indy 500 for 6 months. On August 1, 2020, Enterprise places all 100 cars on its website as "for sale" like it does each month. Justin is a trustworthy used car dealer in Waco and purchases 10 cars from Enterprise through this same website the next day using a $250,000.00 revolving line of credit with First National Bank (FNB"). Travis loves a good bargain and regularly purchases his family cars from Justin. On September 1, 2020, Travis purchased one of the former Enterprise cars from Justin with cash for his own personal use. The State of Texas issues a clear title for the car in Travis's name only. Thirty days later, Travis walks out of his office to discover that the car has been repossessed by employees of GMAC after Enterprise failed to make any required payments on the initial $5,000,000.00 loan. ISSUE: Did GMAC properly repossess Travis's car

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