Question: Discussion Question 1. Collateral may change categories depending on its holder and how it is being used at the time of default. Classify a refrigerator

Discussion Question 1. Collateral may change categories depending on its holder

Discussion Question

1. Collateral may change categories depending on its holder and how it is being used at the time of default. Classify a refrigerator in the following circumstances: a. When sold by an appliance store b. When used by a restaurateur in his business c. When installed in a homeowner's kitchen

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