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Walker Furniture Company, Inc. sells home furniture at retail outlets. On February 1, Walker asked First Bank to loan it $50,000, payable on February 1 two years later. First Bank agreed. First Bank prepared the loan documents and both parties signed them. At this point, what do the parties have?Group of answer choices:a) A security agreement that is perfected.b) No agreement.c) A security agreement that is unperfected.d) A loan agreement.
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