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jag jag
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3 years ago
Often the title of the goods will be transferred to a creditor as security for a loan. Sometimes this involves the use of a bill of sale, but the nature of the transaction is for the loan to be repaid. In this case, the creditor retains possession of the item used as security.

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Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
Author:
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MilahgMilahg
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3 years ago
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jag Author
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3 years ago
Thanks for your help!!
apelton
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Yesterday
this is exactly what I needed
lipop
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2 hours ago
Thanks
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