Legal Question in Consumer Law in Georgia
Purchase Money Security Interest
If a retail installment contract reads ''You are giving us and we are retaining a purchase money security interest in the merchandise'', may I sell the merchadise if no UCCI was filed?
Asked on 3/12/06, 11:40 am
1 Answer from Attorneys
Charles W. Field
Charles W. Field, Attorney at Law
Re: Purchase Money Security Interest
My initial answer is "yes". However, I would advise you to consult with a local attorney to review the contract.
Answered on 3/13/06, 5:00 pm
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