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When a Debt Is Secured by Property as Collateral and the Debtor

Question 76

Multiple Choice

When a debt is secured by property as collateral and the debtor defaults,the creditor may:


A) take possession of the property and retain it in full satisfaction of the debt or sell it.
B) take possession of the property and use it until the debtor pays the debt.
C) not take possession of the property,but must sue the debtor for the balance due.
D) None of these.

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