Multiple Choice
Bauxite Mine borrows $60,000 from Commerce Bank, with the loan secured by the borrower's property. The debtor defaults on the loan. Commerce relinquishes its security interest to seek a judicial remedy. To obtain funds to satisfy the debt by a seizure and sale of the borrower's nonexempt property, after a writ is issued, the creditor can use the process of
A) retention.
B) execution.
C) levy.
D) redemption.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Providing only a debtor's trade name in
Q16: Several documents may be considered together to
Q17: Highway Autos Inc. borrows funds from Investment
Q18: A secured party may be liable to
Q19: In a security agreement with AAA Machine
Q21: Any transaction in which the payment of
Q22: Best Feed Company and Countywide Loans Inc.
Q23: The instrument normally filed to give public
Q24: Rolling Funds perfects a security interest in
Q25: The last security interest to be perfected