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Business, 13.04.2021 03:50 isabellamason1499

Rawlings purchased a typewriter from Kroll Type-writer Co. for $600. At the time of the purchase, hemade an initial payment of $75 and agreed to paythe balance in monthly installments. A securityagreement that complied with the UCC was pre-pared, but no financing statement was ever filed forthe transaction. Rawlings, at a time when he stillowed a balance on the typewriter and without theconsent of Kroll, sold the typewriter to a neighbor. The neighbor, who had no knowledge of the securityinterest, used the typewriter in her home. Could Kroll repossess the typewriter from the neighbor?

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Rawlings purchased a typewriter from Kroll Type-writer Co. for $600. At the time of the purchase, he...

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