The Term ________ Refers to a Secured Creditor's Repossession of Collateral

question 4

Multiple Choice

The term ________ refers to a secured creditor's repossession of collateral upon a debtor's default and selling, leasing, or otherwise disposing of it in a commercially reasonable manner.

• A)repossession
• B)disposal of the goods
• C)disposition of collateral
• D)retention of collateral

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Definitions:

African American Workers

Individuals of African descent employed across various sectors in the United States, historically facing labor discrimination and disparities.

Affirmative Action Policies

Measures taken in employment, education, and other areas to increase the representation of minorities and women, intended to address past injustices.

White Men

Males who are identified as belonging to the racial category of white, often associated with majority populations in Western countries.

Reverse Discrimination

The act of giving preferential treatment to historically disadvantaged groups which some perceive as discrimination against majority groups.