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Business Law Today 9th Edition by Roger LeRoy Miller,Gaylord Jentz
Edition 9ISBN: 978-1111081454Business Law Today 9th Edition by Roger LeRoy Miller,Gaylord Jentz
Edition 9ISBN: 978-1111081454 Exercise 4
Sonja wants to borrow $40,000 from Credit National Bank to buy coffee brewing equipment. To secure the loan, Credit National could accept Sonja's equipment as collateral. If so, how would Credit National let other potential creditors know of its interest? If Credit National secures its loan with the equipment, and Sonja fails to repay the loan, what are Credit National's alternatives with respect to collecting the amount due?
Explanation
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CNB can inform potential creditors throu...
Business Law Today 9th Edition by Roger LeRoy Miller,Gaylord Jentz
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