Which Statement Is Correct Regarding Meredith's Repossession of the Pick-Up

question 51

Multiple Choice

Which statement is correct regarding Meredith's repossession of the pick-up truck?

• A)Meredith breached the peace in recovering the collateral.
• B)Meredith did not breach the peace because she was entitled to repossess the vehicle and any injury sustained by Jill was her own fault.
• C)Meredith breached the peace,but only because she acted to repossess the collateral after 10:00 p.m.at night.
• D)Meredith breached the peace,but only because she did not provide Jill with prior notification that she was coming to repossess the collateral.
• E)Meredith did not breach the peace in recovering the collateral unless Jill can establish the existence of actual injuries.

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Definitions:

Rate Of Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Supply And Demand

The relationship between the quantity of a commodity available and the desire for that commodity, determining its market price.

Interest Rate

The proportion of a total amount of money that is levied for borrowing it, commonly stated as a yearly percentage rate.

Loanable Funds

The money available for borrowing, which comes from savings and is demanded by borrowers for investment.