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  3. Study Set
    Business Law Today Comprehensive
  4. Exam
    Exam 25: Security Interests and Creditors Rights
  5. Question
    Because of Depreciation, the Amount Received on the Sale of Collateral
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Because of Depreciation, the Amount Received on the Sale of Collateral

Question 13

Question 13

True/False

Because of depreciation, the amount received on the sale of collateral may be less than the amount owed on the debt, but a debtor who has defaulted is not likely to have the funds to pay the deficiency.

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