Multiple Choice
Gina borrows from Hilltop Bank the funds to buy a car. The car secures the debt. Gina defaults on the loan. Hilltop takes possession of the car,planning to sell it to recover some of the unpaid debt. Before Hilltop sells the car or enters into a contract for its sale,Gina can pay the bank what she owes and take back the car. This is
A) a deficiency judgment.
B) a floating lien.
C) the right of redemption.
D) the right of retention.
Correct Answer:
Verified
Correct Answer:
Verified
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