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Junior Is Interested in Buying One of His Neighbour's Motor

Question 26

Multiple Choice

Junior is interested in buying one of his neighbour's motor vehicles.They have agreed upon a price and Junior intends to ask his father for a small loan to assist in funding the purchase.Prior to completing the sale,it would also be wise for Junior to


A) register the agreement of purchase and sale under the PPSA.
B) conduct a PPSA search to determine whether or not any security interests have been registered.
C) conduct a sheriff search to determine if there are any outstanding judgments against his neighbour.
D) put title to the vehicle in his father's name.
E) conduct a title search of his neighbour's property.

Correct Answer:

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