Great State Bank Took a Security Interest in Gresham,Inc

Multiple Choice

Great State Bank took a security interest in Gresham,Inc.'s meat processing equipment.Gresham defaulted on the loan.Which statement is correct?

A) Great State Bank may take possession of the collateral.
B) Great State Bank may ignore its rights in the collateral and sue Gresham for the money owed.
C) Both a and b are courses of action that Great State Bank may follow.
D) Neither a nor b are courses of action that Great State Bank may follow.