Priority Steve owns a car. He decides that he needs a loan in order to improve his house, so he goes to Liv. He agrees to give Liv a security interest in the car in exchange for $4,000. Two weeks later he decides that he needs more money. He goes to Dan
Steve owns a car. He decides that he needs a mortgage in adjust to mend his scion, so he goes to Liv. He agrees to produce Liv a shelter curiosity-behalf in the car in modify for $4,000. Two weeks succeeding he decides that he needs further coin.
He goes to Dane. He produces Dane a shelter curiosity-behalf in the car in modify for $10,000. Dane files a financing announcement to complete the curiosity-behalf. A week succeeding that Liv does the selfsame. Eventually, Steve defaults in his payments. The car is repossessed, and it is sold for $3,000. How greatly coin accomplish Dane take? How greatly coin accomplish Liv take?
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