QuickHelper

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Category > Management Posted 03 Oct 2017 My Price 8.00

Which of the following statements is true

56. Which of the following statements is true if the secured party intends to retain the collateral when the debtor defaults on the loan?

 

Multiple Choice

The secured party cannot choose to keep the collateral in full satisfaction of the debt, under any circumstance.

The secured party can notify the debtor of this intent either orally or by sending written notice.

The debtor has no right to object the secured party's intent to retain the collateral.

The debtor has 20 days to object to the secured party's retention of the collateral.

Answers

QuickHelper
(10)
Status NEW Posted 03 Oct 2017 04:10 PM My Price 8.00

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