Phillip,who has a loan on his car at the bank,has placed his car on consignment at the local used car lot.His law professor tells Phillip that consignments can amount to a secured type of credit.If this is TRUE,who is the creditor?

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The Answer of Phillip,who has a loan on his car at the bank,has placed his car on consignment at the local used car lot.His law professor tells Phillip that consignments can amount to a secured type of credit.If this is TRUE,who is the creditor?

Phillip,who Has a Loan on His Car at the Bank,has