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  3. Study Set
    Business Law Study Set 3
  4. Exam
    Exam 30: Secured Transactions
  5. Question
    When a Debtor Defaults, a Secured Creditor Can Take Possession
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When a Debtor Defaults, a Secured Creditor Can Take Possession

Question 14

Question 14

True/False

When a debtor defaults, a secured creditor can take possession of the collateral without a court order and either retain or resell the collateral.

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