Which of the Following Is True of Disposition of Collateral

question 77

Multiple Choice

Which of the following is true of disposition of collateral?

• A) Disposition of collateral must be a public proceeding.
• B) The debtor is entitled to receive any surplus collateral that remains after disposition.
• C) The debtor need not be notified of the disposition as the creditor has complete claim on the collateral.
• D) Disposition of collateral occurs when the default is by the creditor.

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Definitions:

Aggregate Planner

A methodology used in manufacturing to determine optimal production levels, inventory levels, and workforce levels, considering various factors over a medium-term horizon.

Inventory

The total amount of goods or materials held in stock by a business or organization.

Backlog Costs

Expenses associated with delays in filling orders or meeting service obligations, often due to insufficient inventory or production capacity.

Level Strategy

A business approach that maintains steady production rates and workforce levels, even in the face of demand fluctuations, aiming for operational stability.