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Differentiate between a secured debt and an unsecured debt

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Reference no: EM131494864

Question: 1. What is the difference between a secured debt and an unsecured debt?

2. Describe the methods available to an unsecured creditor to collect a debt.

3. Why do you think that certain liens, such as tax liens, were created by law?

4. Harper bought a TV set from a department store and charged it on his charge account. When he failed to pay for the set, the store tried to repossess it. Can the store legally do so?

Reference no: EM131494864

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