ASCI 404
Aviation Institute
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ASCI 404 Aircraft Transactions
- Exam (elaborations) • 2 pages • 2022
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- $7.49
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You are in the market to buy an aircraft and have identified one that appears that it would 
meet your needs and is in your price range. 
How will you: 
 determine who owns the aircraft, 
 identify all outstanding security interests in the aircraft, and 
 determine the condition of the aircraft? 
To determine who owns the aircraft, one needs to check the records with the Federal aviation 
authority. The FAA civil aviation registry aircraft registration branch maintains the aircraft 
rec...
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