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Once default has occurred and the secured party has obtained possession of the collateral, the secured party has no more options.
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Q1: A bank is not obligated to pay
Q3: Acts of a purported agent in and
Q9: Cornucopia Bank receives a check drawn on
Q16: A debtor's signature or authentication is required
Q18: A restrictive indorsement prohibits further negotiation of
Q24: Ethel signs a note "payable to the
Q27: Refer to Fact Pattern 29-1B.To continue the
Q27: To finance the purchase of a house
Q34: Ollie files a petition in bankruptcy.At the
Q36: Machine Operations,Inc.(MO),employs four hundred workers at three