A ________ transaction occurs when a seller sells goods to a buyer who has obtained financing from a third-party lender that takes a security interest in the goods sold.

Name: A ________ transaction occurs when a seller sells goods to a buyer who has obtained financing from a third-party lender that takes a security interest in the goods sold.
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Question

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A three-party secured transaction involves a seller, a buyer, and a third-party lender who provides financing and takes a security interest in the goods sold.

A ________ Transaction Occurs When a Seller Sells Goods to a Buyer