Explain electronics store acquired inventory on credit from, Ask an Expert

Management Studies

Electronics Store acquired inventory on credit from TV Manufacturer, which retained and perfected a security interest in the TV sets until they were paid for. At some point thereafter Electronics Store experienced financial difficulties and held a going-out-of-business sale. If TV Manufacturer has not been paid for the TV sets, would it have the legal right to recover them from individual customers who purchased them at the going-out-of-business sale?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9293822

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