Which of the Following Statements Is False

question 78

Multiple Choice

Which of the following statements is false?

• A) If the proceeds from the sale of the collateral do not pay the underlying debt,the creditor may obtain a deficiency judgment against the debtor.
• B) If the proceeds from the sale of the collateral are more than the underlying debt and expenses,the debtor has a right to the excess.
• C) Generally,the debtor has a right of redemption as to the collateral.
• D) In all cases,the creditor has the right to retain the collateral.