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Explain the purpose and operation of floor plan financing

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Reference no: EM133015066

Question - Ryde KIA, a car dealership, has applied to Latitude Finance for a "floor plan finance".

Explain the purpose and operation of floor plan financing.

Latitude Finance has inserted a bailment in the contract to protect its financial position. Explain what a bailment is and how it would protect the financial position of Latitude Finance.

Reference no: EM133015066

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