To buy furniture, Gina, a consumer, signs a purchase agreement with Home Store, the seller, to pay $100 down and $50 per month until the price is paid. Home Store takes a security interest in the furniture. Because it was created as part of purchase agreement with a consumer, the security interest

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This security interest is automatically perfected because it was created as part of a purchase agreement with a consumer for consumer goods, which typically allows for automatic perfection without the need for additional steps such as filing.

To Buy Furniture, Gina, a Consumer, Signs a Purchase Agreement