Fern TV sells Ryan a 52" plasma television. Ryan does not have the cash necessary to buy the TV, so Fern allows him to make 12 monthly payments. If Ryan misses any payments, Fern may take the TV back. Fern:
A) is an unsecured creditor
B) has a security interest
C) is a perfected debtor
D) is an unsecured creditor with a perfected interest
E) none of the other choices
Correct Answer:
Verified
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