A Deficiency Judgment Is a Judgment Against a Borrower for the Amount

question 46

True/False

A deficiency judgment is a judgment against a borrower for the amount of a debt remaining unpaid after the collateral is sold.

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Definitions:

Eugenics

A controversial and largely discredited science aimed at improving the genetic quality of the human population, often associated with discriminatory and unethical practices.

Distributive Justice

The ethical principle concerned with the fair and equitable allocation of goods, resources, and rights among members of a society.

Scarce Supply

A situation where the availability of a particular resource or commodity is limited or not sufficient to meet demand.

Allocate Resources

The process of assigning available resources, typically in an organization, to specific tasks or projects to achieve efficiency and goals.