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Scenario: You recently became a partner in firm. After working there for six months as a partner, you attend a meeting regarding a business loan

Scenario: You recently became a partner in firm. After working there for six months as a partner, you attend a meeting regarding a business loan that is up for renewal. You discover that the collateral for the loan is all of the accounts receivable. Do you have an issue with using the accounts receivable for colateral? Why or why not?

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