When a Debtor Defaults, a Secured Creditor Can Relinquish the Security

question 36

True/False

When a debtor defaults, a secured creditor can relinquish the security interest but cannot then seek a judgment on the underlying debt.

---

Definitions:

Operative Site

The specific area of the body on which surgery is performed.

Neuromuscular Structures

Anatomical components, such as muscles and nerves, that work together to generate movement and transmit signals between the brain and the body.

Surgical Environment

A sterile, controlled space where surgical procedures are performed, designed to minimize the risk of infection and ensure patient safety.

Operative Suite

A specialized facility within a hospital where surgical procedures are carried out, typically including operating rooms, pre- and post-anesthesia care units, and support staff areas.