What Is Repossession

Multiple Choice

What is repossession?

A) a right granted to a debtor to take possession of the collateral after repayment of the debt
B) a right granted to a debtor to take possession of the collateral before repayment of the debt
C) a right granted to a secured creditor to take possession of the collateral on default by the debtor
D) an act of possession of the collateral by the court owing to default by both debtor and creditor