Which of the Following Statements About Foreclosure of Liens Is

question 3

Multiple Choice

Which of the following statements about foreclosure of liens is true?

• A) The lienholder need not give notice to the debtor for holding a sale of the possessed goods.
• B) The lienholder need not bring a lawsuit against the debtor if there is no statutory procedure.
• C) The right of a lienholder to possess goods does not automatically give the lienholder the right to sell the property.
• D) The lienholder cannot have the property sold at a judicial sale.

---

Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, affecting its liquidity and overall financial health.

Financing Activities

Actions leading to alterations in the size and composition of a company's equity capital or debt.

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Financing Activities

Transactions and events that affect the equity and long-term liabilities of a company, reflecting how it raises funds and repays its investors.