If the Proceeds of Sale of Collateral Are Not Sufficient

question 13

Multiple Choice

If the proceeds of sale of collateral are not sufficient to satisfy the debt, then the creditor is usually entitled to a:

• A) future advance.
• B) deficiency judgment.
• C) fixture filing.
• D) warehousing arrangement.

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Definitions:

Sporicide

An agent specifically formulated to kill spores, which are highly resistant forms of bacteria.

Ultrasonic Cleaning

A cleaning process that uses ultrasonic waves in a solution to remove dirt and contaminants from objects.

Delicate Instruments

Tools or devices designed with precision and care, often used in specialized fields like surgery or laboratory research.

Autoclave

A pressure chamber used to sterilize equipment and supplies by subjecting them to high-pressure saturated steam.