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

---

Definitions:

Service Learning

An educational approach that combines learning objectives with community service, allowing students to gain hands-on experience while benefiting their communities.

Cognitive-moral Education

An approach in education that focuses on the development of ethical thinking and moral reasoning skills.

Moral Reasoning

The process of determining right from wrong in a logical, systematic way, often based on ethical principles.

Democracy

A form of government in which power is vested in the people and exercised by them directly or through freely elected representatives.