Business, 01.03.2021 19:20, mbarber3994

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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1. Collateral may change categories depending on its holder and how it is being used at the time of...