First National Bank loans $5,000 to Gail to buy a car, which is used as collateral to
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First National Bank loans $5,000 to Gail to buy a car, which is used as collateral to secure the loan. Gail has paid less than 50 percent of the loan when she defaults. First National could repossess and keep the car, but the bank does not want it. What are some alternatives?
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When collateral is consumer goods and the debtor has ...View the full answer
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Related Book For 
Business Law Text and Exercises
ISBN: 978-1305509603
8th edition
Authors: Roger LeRoy Miller, William E. Hollowell
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