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.

---

Definitions:

Child-Raising Practices

Cultural, social, and individual approaches and methods used in nurturing and educating children.

Cultural Values

The core principles and ideals upon which an entire community exists, influencing beliefs, behaviors, and practices.

Westernized Parents

Parents who adhere to cultural norms, parenting styles, and values that are typical of Western societies.

Menarche

The occurrence of the first menstrual cycle in a female, marking the onset of reproductive capability.