Owen borrowed money from a credit union, guaranteed by his father, to buy a car. The credit
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Owen borrowed money from a credit union, guaranteed by his father, to buy a car. The credit union also registered a security interest under the Personal Property Security Act against the vehicle. Owen defaulted and, instead of repossessing the vehicle, the credit union demanded payment from the father. Explain the legal position of the father under these circumstances.
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The credit union has every right to demand payment ...View the full answer
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