Business law-secured transactions

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Business Law-Secured Transactions question

-Teresa negotiated the purchase of a flat screen television with a salesman at Radioshack over the phone. Since the television costs $1,500, RadioShack agreed to sell the television to Teresa on credit. RadioShack indicated that they planned to use the television as collateral for the loan, and Teresa agreed. RadioShack sent an email to Teresa, which provided that RadioShack would take a security interest in the television. Teresa sent an email back to Teresa indicating that the terms were acceptable. Two months later, Teresa defaults on her payments to Radioshack. May RadioShack repossess the television? Explain in legal terms.

Reference no: EM131133501

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