Upon a Default by a Buyer, the Secured Seller May

question 7

Multiple Choice

Upon a default by a buyer, the secured seller may resell the collateral:

• A) not less than three (3) months after the buyer's default.
• B) not less than six (6) months after the buyer's default.
• C) only at a public sale.
• D) at either a public or a private sale.

---

Definitions:

Solids

Substances with a definite shape and volume, characterized by strong intermolecular forces and low kinetic energy among particles.

Liquids

A state of matter that has a definite volume but no fixed shape, and flows readily to conform to the shape of its container.

Covalent Bonds

A type of chemical bond where atoms share pairs of electrons.

Electrons

Subatomic particles with a negative electric charge, found in all atoms and acting as the primary carrier of electricity in solids.