When a Debtor Defaults, a Secured Creditor Cannot Take Peaceful

question 16

True/False

When a debtor defaults, a secured creditor cannot take peaceful possession of the collateral without going to court.

---

Definitions:

Polar Covalent

A type of chemical bond where a pair of electrons is unequally shared between two atoms, causing a partial charge.

Lipids

A broad group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins, and other components essential for cell structure and function.

Phospholipids

A type of lipid molecule that is a major component of all cell membranes, consisting of a phosphate head and two fatty acid tails.

Saturated Acids

Fatty acids that have no double bonds between the carbon atoms of the fatty acid chain, making them typically solid at room temperature.