What Is Repossession

question 75

Multiple Choice

What is repossession?

• A) a right granted to a debtor to take possession of the collateral after repayment of the debt
• B) a right granted to a debtor to take possession of the collateral before repayment of the debt
• C) a right granted to a secured creditor to take possession of the collateral on default by the debtor
• D) an act of possession of the collateral by the court owing to default by both debtor and creditor

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Definitions:

Metabolic Processes

The complex series of chemical reactions within organisms that enable them to maintain life, including pathways for energy production, synthesis of new molecules, and breakdown of substances.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Hardy-Weinberg Equilibrium

The principle stating that the genetic variation in a population will remain constant from one generation to the next in the absence of disturbing factors.

Phylogeny

Evolutionary history of a group of organisms.