If the Proceeds of Sale of Collateral Are Not Sufficient

question 13

Multiple Choice

If the proceeds of sale of collateral are not sufficient to satisfy the debt, then the creditor is usually entitled to a:

• A) future advance.
• B) deficiency judgment.
• C) fixture filing.
• D) warehousing arrangement.

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Definitions:

Antihypertensive

A type of medication used to lower high blood pressure.

Antipyretic

A medication or substance used to reduce fever.

Sedative

A substance that induces sedation by reducing irritability or excitement.

Increased Intracranial Pressure

Increased Intracranial Pressure occurs when the pressure inside the skull rises, potentially leading to severe neurological damage due to the compression of brain tissues.