Explain appliance store acquired inventory on credit

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Reference no: EM1368400

Appliance 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 Appliance 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?

Reference no: EM1368400

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