A two-party secured transaction occurs when a seller sells goods to a buyer on credit and retains a security interest in the goods.

Name: A two-party secured transaction occurs when a seller sells goods to a buyer on credit and retains a security interest in the goods.
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In a two-party secured transaction, the seller sells goods on credit to the buyer and retains a security interest in the goods until the buyer pays for them. This is a common type of transaction in the world of trade and commerce.

A Two-Party Secured Transaction Occurs When a Seller Sells Goods