Which of the Following Is True Regarding Tina's Belief That

question 40

Multiple Choice

Which of the following is true regarding Tina's belief that her only option was to take possession of the collateral?

• A) Tina was correct regardless of whether a vehicle or another type of good was involved.
• B) Tina was correct, but only because a vehicle was involved.
• C) Tina was incorrect, because only when a vehicle is involved, a party must disregard the collateral and proceed to judgment.
• D) Tina was incorrect because regardless of whether a vehicle or another type of good was involved, Tina only had the right to ignore the collateral and proceed to judgment.
• E) Tina was incorrect because regardless of whether a vehicle or another type of good was involved, Tina had the right to either take possession of the collateral or ignore rights in the collateral and proceed to judgment.

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Definitions:

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