What Is Repossession

Multiple Choice

What is repossession?

A) a right granted to the debtor to take possession of the collateral after repayment of the debt
B) a right granted to the debtor to take possession of the collateral before repayment of the debt
C) a right granted to a secured creditor to take possession of the collateral upon default by the debtor
D) the act of possession of the collateral by the court owing to default by both debtor and creditor