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CarMax sells a car to Bob for $25,000. Bob puts down $5,000 as a down payment. Bob agrees to pay the rest in installments of $1,000 by signing a promissory note (a formal promise to pay). Bob fails to make his payments as promised. On these facts, what can CarMax choose to do?Group of answer choices:a. CarMax can sue Bob for damages for breach of contract and get a judgment against Bob.b. CarMax can repossess the car because Bob promised to pay.c. CarMax can repossess the car because CarMax has a security interest in the car.d. CarMax can repossess the car or sue for damages due to breach of contract.
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