In Which of the Following Orders Are the Proceeds from the Sale

question 65

Multiple Choice

In which of the following orders are the proceeds from the sale of collateral by the secured party distributed?

• A)Debtor,creditor's debt,selling expenses,and junior interests
• B)Selling expenses,creditor's debt,junior interests,and debtor
• C)Creditor's debt,selling expenses,debtor,and junior interests
• D)Junior interests,debtor,selling expenses,and creditor's debt

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