If Repossessed Collateral Is Sold or Otherwise Disposed of by the Creditor,the

question 4

Multiple Choice

If repossessed collateral is sold or otherwise disposed of by the creditor,the time,place,manner,and method of disposal must be:

• A) commercially reasonable.
• B) scheduled with the debtor so that the debtor is able to attend.
• C) court ordered.
• D) perfected.

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Definitions:

Prokaryotic Translation

The process by which mRNA is decoded by a ribosome to produce a specific protein in prokaryotes, organisms without a nucleus.

Initiation Complex

A complex of proteins and RNA that forms on mRNA to begin the process of translating RNA into a polypeptide chain in the cell.

Nonsense Mutation

A base-pair substitution mutation that results in an amino acid–specifying codon being changed to a termination (stop) codon; when the abnormal mRNA is translated, the resulting protein is usually shortened and nonfunctional. Compare with missense mutation.

Codon

A sequence of three nucleotides that together form a unit of genetic code in a DNA or RNA molecule, representing a specific amino acid.