A Secured Creditor Repossesses the Collateral from the Debtor and Sells

question 51

Multiple Choice

A secured creditor repossesses the collateral from the debtor and sells it to satisfy the debt.Which of the following is paid first?

• A)Debt of the creditor
• B)Consequential damages suffered by the creditor due to the debtor's default
• C)Court costs
• D)Expenses of repossessing,storing,and selling the collateral

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