If a Breach of the Peace Might Occur

question 16

Multiple Choice

If a breach of the peace might occur:

• A) self-help repossession is the only option available to obtain the collateral.
• B) the creditor must use court action to obtain the collateral.
• C) the creditor is barred from repossessing the collateral.
• D) the collateral reverts to the debtor.

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Definitions:

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a conditioned response.

Gambling Behavior

Engaging in games of chance for monetary stakes or other valued outcomes, often analyzed in the context of psychology for its risk and reward dynamics.

Reinforcement Schedule

outlines how often and under what conditions a behavioral response is reinforced, influencing the strength and rate of the response.

Pop Quizzes

Surprise tests given without prior notice to assess or reinforce learning in an educational setting.