Because the Rights and Remedies of Secured Parties Under Article

question 46

Multiple Choice

Because the rights and remedies of secured parties under Article 9 are cumulative, if a secured creditor is unsuccessful in enforcing rights by one method, the creditor

• A)must notify any other secured party with an interest in the collateral.
• B)is required to renounce or modify the creditor's other rights.
• C)can pursue another method.
• D)is forced to forego collection of the debt.

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Definitions:

Hypothesis

A proposed explanation for a phenomenon, set forth as a basis for further investigation.

Opinion

A personal view, attitude, or appraisal formed about something, not necessarily based on fact or knowledge.

Scientific Theories

Systematically organized knowledge applicable in a relatively wide variety of circumstances, especially a system of assumptions, accepted principles, and rules of procedure devised to analyze, predict, or explain the nature or behavior of a specified set of phenomena.

Science Goal

The objective or purpose pursued in scientific inquiry, often involving the generation, verification, and application of knowledge.