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Question
Diner's Café receives daily shipments of dairy products from Eagle Dairy, Inc. The price is $900 per month. Diner's pays six months in advance with a note for $5,400. One month later, Eagle sells the note to First National Bank for $5,100. At the time the note is sold, Eagle isa. an HDC for $5,400.
b. an HDC for $5,100.
c. an HDC for $900.
d. not an HDC.
Answer
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