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    Canadian Business and the Law Study Set 3
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    Exam 26: The Legal Aspects of Credit
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    A Deficiency Results When a Creditor Has Been Forced to Sell
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A Deficiency Results When a Creditor Has Been Forced to Sell

Question 63

Question 63

True/False

A deficiency results when a creditor has been forced to sell assets because of borrower default and the price realized by the sale is less than the outstanding amount of the debt.

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