The bank recorded its interest on july 1

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A debtor borrowed $350,000 to finance the purchase of a house, and the bank recorded its interest on July 1.

On July 15, the debtor bought $10,000 worth of replacement windows from Window Co.; Window Co. recorded its purchase-money security interest that day, and the windows were installed. Four years later, the debtor, in hard financial times, declared bankruptcy.

Reference no: EM131278995

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