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Business, 01.05.2021 03:50 gamerdoesart

Elaine needs $1,500 to buy textbooks and other school supplies. Kramer agrees to loan Elaine $1,500, accepting as collateral Elaine’s car. They put their agreement in writing and sign it. Elaine keeps possession of the car. What are the requirements for Kramer to have an enforceable security interest in the car? What must Kramer do to let other creditors know of his security interest in the car?

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Elaine needs $1,500 to buy textbooks and other school supplies. Kramer agrees to loan Elaine $1,500,...

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