What Is Repossession

question 42

Multiple Choice

What is repossession?

• A)a right granted to the debtor to take possession of the collateral after repayment of the debt
• B)a right granted to the debtor to take possession of the collateral before repayment of the debt
• C)a right granted to a secured creditor to take possession of the collateral upon default by the debtor
• D)the act of possession of the collateral by the court owing to default by both debtor and creditor

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Definitions:

Political Skill

The ability to effectively understand others in the organization and use such knowledge to influence others to act in ways that enhance personal and/or organizational objectives.

Comprehending Others

The process of understanding individuals' thoughts, feelings, and behaviors within the context of their experiences and communications.

Political Skill

The ability to effectively understand others at work and to use such knowledge to influence others to act in ways that enhance one’s personal or organizational objectives.

Job Performance

The manner in which an employee executes their work duties and responsibilities, often measured against pre-established criteria or objectives.