Discuss concept of security interest in personal property

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Discuss the concept of a security interest in personal property, as what is it, how is it perfected? Next discuss why it is important for businesses who engage in the sale of personal property to protect their interests in that property as what are the dangers if a business fails to perfect security interests in the property it sales? How and why do third parties have security interests in personal property?

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Reference no: EM132147531

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