Explain how can frank let other creditors

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Reference no: EM1393853

Q. Edie needs $1,500 to buy textbooks also other school supplies. Frank agrees to loan Edie $1,500, accepting as collateral Edie's car. They put their agreement in writing also sign it. Edie keeps possession of the car. Does Frank have an enforceable security interest? Explain how can Frank let other creditors know of his interest in the car?

Reference no: EM1393853

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