Comfort Furniture Store sells household consumer goods. To create a purchase-money security interest, Comfort Furniture must

A. assign, to a collecting agent, a portion of its accounts payable.
B. assign, to a collecting agent, a portion of its accounts receivable.
C. extend credit for part or all of the purchase price of the goods.
D. refer purchasers to a third-party lender.


Answer: C

Business

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A. $ 87,500. B. $ (150,000). C. $ 575,000. D. $ (175,000).

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