Question: According to the Uniform Commercial Code ( UCC ) , a purchase - money security interest ( PMSI ) exists when a security interest is
According to the Uniform Commercial Code UCC a purchasemoney security interest PMSI exists when a security interest is retained or taken by: BlankCheck all that apply.
Multiple select question.
a person who gives something of value to the debtor so that the debtor can gain rights to or use of the collateral
the seller of the collateral to secure part or all of the purchase price
a creditor who borrows money from a secured party to purchase the collateral from the debtor
the government so that the collateral can become public property
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