Whatever a Secured Party Obtains on a Sale of Collateral

question 53

True/False

Whatever a secured party obtains on a sale of collateral is all that he or she can collect on the debt.

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Definitions:

Calming

The process or act of making someone less agitated, anxious, or excited.

Simultaneous Feelings

Experiencing multiple emotions at the same time, often seen in complex situations or relationships.

Mixed Feelings

Experiencing contradictory emotions about a particular person, situation, or outcome at the same time.

Focus

The center of interest or activity; paying particular attention to a specific topic or task.