Marcia buys a $3,000 high-definition plasma television for her home on credit extended by the seller, Current City. Current City requires Marcia to sign a security agreement
Current City has a ________ interest in the television that is automatically perfected at the time of the credit sale.
A) cumulative security
B) future advance monetary
C) default
D) purchase money security
D
Business
You might also like to view...
The simplest organization pattern in retailing can be found in which retail format?
a. department store b. supermarket c. independent d. chain
Business
Lewin's research found that commitment was highest in groups with a ________ leadership style
A) democratic B) hands-on C) autocratic D) merit-based
Business