Buyer goes to Dealer to purchase a car. Buyer has no money to put down or pay for the $40.000 car. Dealer agrees to sell the car to the Buyer. What law governs the financing if the Dealer agrees to finance the car for the buyer with the car as collateral? Select the best answer.

1. 
   
2. Commercial Paper Law
3. Secured Transactions Law
4. Common law of contracts
5. Negotiable Instruments Law
6. Law of Sales

Answer rating: 100% (QA)

The correct answer would be A ie Commercial paper law because it is ... View the full answer