Multiple Choice
Reg borrows funds from Suburban Bank secured by Reg's house. Reg defaults on the debt. The bank's options include
A) retaining the security interest and pursuing a judicial remedy.
B) destroying the collateral and collecting the unpaid debt from Reg.
C) disposing of the collateral in any commercially reasonable manner.
D) repossessing the collateral and disavowing the security interest.
Correct Answer:
Verified
Correct Answer:
Verified
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