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Which of the Following Is True of Disposition of Collateral

Question 77

Multiple Choice

Which of the following is true of disposition of collateral?


A) Disposition of collateral must be a public proceeding.
B) The debtor is entitled to receive any surplus collateral that remains after disposition.
C) The debtor need not be notified of the disposition as the creditor has complete claim on the collateral.
D) Disposition of collateral occurs when the default is by the creditor.

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