Multiple Choice
A secured creditor repossesses the collateral from the debtor and sells it to satisfy the debt.Which of the following has the first claim on the proceeds of the sale?
A) Debtor
B) Consequential damages suffered by the creditor due to the debtor's default
C) Court costs
D) Expenses of repossessing,storing,and selling the collateral
Correct Answer:
Verified
Correct Answer:
Verified
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