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:

Annuity

A series of equal cash receipts spaced equally in time; a series of equal net cash flows at fixed time intervals.

Sensitivity Analysis

A form of analysis that considers the impact of changing one or more inputs or assumptions on the resulting outcome.

Likelihoods

The probabilities or chances of different outcomes occurring.

Probabilities

A statistical measure that quantifies the likelihood of one or more events happening.