Multiple Choice
Greg borrows funds from Home Bank secured by Greg's car. Greg defaults on the debt. Home Bank's options include
A) retaining the security interest and pursuing a judicial remedy.
B) destroying the collateral and collecting the unpaid debt from Greg.
C) having Greg put in debtor's prison until the debt is repaid.
D) taking peaceful possession of the collateral and keeping it.
Correct Answer:
Verified
Correct Answer:
Verified
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