A Secured Creditor Must ________ the Collateral If He or She

question 11

Multiple Choice

A secured creditor must ________ the collateral if he or she receives a written objection to the proposal from a person entitled to receive notice within 20 days after the notice was sent.

• A)dispose of
• B)repossess
• C)retain
• D)claim

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Definitions:

Independent-assertive

Describes a personality style characterized by self-reliance and assertiveness in expressing one's opinions and needs.

Active-engaged

Being involved, committed, and energetically participating in a task or activity.

Kellerman's Typology

A framework developed by leadership scholar Barbara Kellerman, categorizing followers in an organization based on their level of engagement, from passive to active roles.

Conservation

The protection, preservation, and mindful utilization of natural resources and environments to ensure their sustainability for future generations.