Hal's Hardware Store Defaults on a Debt to Intrastate Bank,which

question 37

Multiple Choice

Hal's Hardware store defaults on a debt to Intrastate Bank,which takes possession of the collateral securing the debt. Intrastate sells the collat-eral. The proceeds from the sale are applied first to

• A)the balance of Hal's debt to Intrastate.
• B)Hal's debts to other creditors.
• C)Intrastate's expenses for the sale.
• D)the minimum amount Hal's needs to stay in business.

---

Definitions:

Setting Sun Eyes

A condition where the eyes appear to be driven downward, with the sclera visible above the iris, often indicative of certain neurological disorders.

Sternomastoid

A major muscle in the neck that runs from the sternum and collarbone to the mastoid process of the temporal bone of the skull.

Trapezius

A large triangular muscle extending over the back of the neck and shoulders, involved in moving, rotating, and stabilizing the scapula and extending the head at the neck.

Spinal Accessory

Pertains to the eleventh cranial nerve (accessory nerve) that supplies the sternocleidomastoid and trapezius muscles, facilitating shoulder and neck movements.