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Question
Great Credit Company lends money to Holly, a farmer. Holly secures the loan with her livestock's feed. Great also obtains a security interest in the proceeds from the feed. Holly defaults on the loan. Great cana. not suffer any loss.
b. suffer a loss of no more than half of the value of the loan.
c. suffer a loss of no more than three-fourths of the value of the loan.
d. suffer a total loss.
Answer
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Fact Pattern 41-1
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Fact Pattern 41-1
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