True/False
When a debtor defaults, a secured party who does not choose to retain the collateral must relinquish the security interest to the debtor.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q42: When two conflicting security interests are unperfected,
Q43: Appliance Sales & Repair wants to get
Q44: Every interest in personal property that guarantees
Q45: Bob's Barber Shop borrows from first Credit
Q46: Because the rights and remedies of secured
Q48: When a security interest is perfected, it
Q49: A buyer in the ordinary course of
Q50: Equity Bank files a financing statement regarding
Q51: Attachment ensures that a security interest between
Q52: Bay Marina borrows funds from Credit Union