Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson

تمرين 1

Collateral may change categories depending on its holder and how it is being used at the time of default. Classify a refrigerator in the following circumstances:
(a) When sold by an appliance store;
(b) When used by a restaurateur in his business; and
(c) When installed in a homeowner's kitchen.