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The Term ________ Refers to a Secured Creditor's Repossession of Collateral

Question 4

Multiple Choice

The term ________ refers to a secured creditor's repossession of collateral upon a debtor's default and selling, leasing, or otherwise disposing of it in a commercially reasonable manner.


A) repossession
B) disposal of the goods
C) disposition of collateral
D) retention of collateral

Correct Answer:

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