Question
Security Interests. Sonja wants to borrow $40,000 from Credit National Bank to buy coffee-brewing equipment. If Credit National accepts Sonja's equipment as collateral for the
Security Interests. Sonja wants to borrow $40,000 from Credit National Bank to buy coffee-brewing equipment. If Credit National accepts Sonja's equipment as collateral for the loan, how does it let other potential creditors know of its interest? If Sonja fails to repay the loan, what are Credit National's alternatives with respect to collecting the amount due?
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Contract Law Text Cases And Materials
Authors: Ewan McKendrick
10th Edition
0192856545, 978-0192856548
