Multiple Choice
Hal's Hardware store defaults on a debt to Intrastate Bank,which takes possession of the collateral securing the debt.Intrastate sells the collat?eral.The proceeds from the sale are applied first to
A) Hal's debt to Intrastate.
B) Hal's debts to other creditors.
C) Intrastate's fees for the sale.
D) payments Hal's made on the debt to Intrastate.
Correct Answer:
Verified
Correct Answer:
Verified
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