Which of the Following Statements Is True of Sale of Collateral

question 32

Multiple Choice

Which of the following statements is true of sale of collateral?

• A)In disposing of the collateral,the creditor must use a commercially reasonable method to produce the greatest benefit for himself.
• B)The creditor must sell the collateral unless the consumer orally objects to the sale,otherwise,the creditor may keep the collateral in satisfaction of the debt.
• C)If less than 80% of the purchase price has been paid,the creditor may propose to the debtor that the creditor keep the collateral in satisfaction of the debt.
• D)If the creditor has a security interest in consumer goods and the debtor has paid 60% or more of the purchase price,the creditor must sell the repossessed collateral.

Distinguish between different components on Blake and Mouton's Leadership Grid.

Learn about significant leadership behavior studies such as the Ohio State studies, University of Michigan studies, and the leadership behavior of Blake and Mouton.

Recognize opportunistic leadership and its impact on leadership effectiveness.

Understand the tax implications of selling or exchanging qualified small business stock under Section 1202.

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Definitions:

Freudian Theory

A psychological theory developed by Sigmund Freud that emphasizes the role of unconscious forces and childhood experiences in shaping personality and behavior.

Personality Type

A categorization of individuals based on their psychological traits, often used in assessing human behavior and in personality assessments.

Adler's Theory

Developed by Alfred Adler, this psychological theory suggests that a primary factor motivating human behavior is a striving for superiority or success, influenced by social relationships and feelings of inferiority.

Feelings of Inferiority

Emotional sentiments where an individual perceives themselves as less than others in some capacity, often leading to low self-esteem.