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:

Nonvisual Dimension

It involves aspects or features of a product, environment, or service that can be perceived without the use of sight, often pertaining to accessibility and usability.

Sensory Learning Styles

Refers to the preferred learning modes—visual, auditory, and kinesthetic—that individuals use to receive and process information.

Educational Debt

The financial debt incurred by students during their time in education, typically as a result of loans taken out to cover tuition fees and living expenses.

Present Education Progress

Indicates the current state or advancements in educational systems, methods, and outcomes.