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a.nicole a.nicole
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A year ago
Owen borrowed money from a credit union, guaranteed by his father, to buy a car. The credit union also registered a security interest under the Personal Property Security Act against the vehicle. Owen defaulted and, instead of repossessing the vehicle, the credit union demanded payment from the father. Explain the legal position of the father under these circumstances.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
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OperationsHELPOperationsHELP
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A year ago
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The credit union has every right to demand payment from the father instead of repossessing the car. Once the father pays, however, he steps into the shoes of the credit union and has the right to repossess the car and have it sold, just as the credit union could.
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