The Situation Where the Creditor Takes the Collateral,discharges the Debtor,and

question 26

Multiple Choice

The situation where the creditor takes the collateral,discharges the debtor,and has no right to seek any deficiency is known as:

• A)exoneration.
• B)blockbusting.
• C)subrogation.
• D)presentment.
• E)strict foreclosure.

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Definitions:

Abbreviation

A truncated form of a word or phrase.

Rheumatoid Factor

An autoantibody found in the blood that is a common indicator of rheumatoid arthritis.

Abbreviation

A method for shortening and simplifying phrases or expressions by using initial letters or parts of words.

Opening

An available or unoccupied space or opportunity.