Solved

Which of the Following Statements Is False

Question 78

Multiple Choice

Which of the following statements is false?


A) If the proceeds from the sale of the collateral do not pay the underlying debt,the creditor may obtain a deficiency judgment against the debtor.
B) If the proceeds from the sale of the collateral are more than the underlying debt and expenses,the debtor has a right to the excess.
C) Generally,the debtor has a right of redemption as to the collateral.
D) In all cases,the creditor has the right to retain the collateral.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions