Which of the Following Is True

question 24

Multiple Choice

Which of the following is true?

• A) The creditor is generally not entitled to obtain a deficiency judgment where the collateral is goods, even if their sale does not cover the amount owed on the underlying debt.
• B) The right of redemption for collateral extends until a reasonable time after its disposal.
• C) To exercise the right of redemption, the debtor must not only pay the amount owed, but also all expenses reasonably incurred by the secured party in retaking and holding the collateral, and any attorney's fees and legal expenses provided for in the security agreement and not prohibited by law.
• D) Deficiency judgments are generally against public policy, unless reasonable in amount.
• E) Redemption rights are not available for personal property.

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Definitions:

Dessert Characteristics

Qualities or features that define desserts, including sweetness, texture, and presentation.

Single Portion

Packaged products designed for individual use, intended to serve the need of a single consumption.

Quick Preparation

Refers to methods or products designed to reduce the amount of time needed for cooking or preparing something.

Marketing ROI

Return on Investment in marketing, measuring the profitability generated by marketing activities relative to their costs.