Which of the Following Permits a Secured Lender to Recover

question 24

Multiple Choice

Which of the following permits a secured lender to recover other property or income from a defaulting debtor if the collateral is insufficient to repay the unpaid loan?

• A) Redemption right
• B) Deficiency judgment
• C) Disposition of collateral
• D) Retention of collateral

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Definitions:

Agricultural Products

Items produced through farming and agriculture, including crops, livestock, and other raw materials.

Incomes of U.S. Farmers

The earnings from agricultural activities and subsidies received by individuals and entities engaged in farming in the United States.

Farm Prices

The prices at which agricultural products are sold by farmers, influenced by supply, demand, subsidies, and market conditions.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production labor.