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Which of the Following Statements About Foreclosure of Liens Is

Question 3

Multiple Choice

Which of the following statements about foreclosure of liens is true?


A) The lienholder need not give notice to the debtor for holding a sale of the possessed goods.
B) The lienholder need not bring a lawsuit against the debtor if there is no statutory procedure.
C) The right of a lienholder to possess goods does not automatically give the lienholder the right to sell the property.
D) The lienholder cannot have the property sold at a judicial sale.

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