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In the Case in the Text,In Re Burt,the Court Concluded

Question 90

Multiple Choice

In the case in the text,In re Burt,the court concluded that:


A) the negative equity was inadequate consideration.
B) the entire transaction qualified as a purchase money security interest because there was a close nexus between the negative equity and the financing of the debtor's new vehicle.
C) cram down was inapplicable because the vehicle was not purchased for personal use.
D) the transaction could be dissected into smaller segments and therefore,any purchase money security interest that existed did not include the negative equity.

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