Which of the Following Is NOT True Regarding Remedies for Default

question 50

Multiple Choice

Which of the following is NOT true regarding remedies for default of a security agreement?

• A) After default,the secured party has the right to take possession of the collateral so long as judicial process is followed.
• B) After properly taking possession of the property,the secured party may then dispose of the collateral at a public or private sale.
• C) If there is a surplus from the sale of collateral,the secured party is required to return it to the debtor.
• D) If there is a deficiency from the sale of collateral,the debtor remains liable for that amount.

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personality traits and underestimate situational factors when explaining others' behaviors.

Stable Global Attribution

A tendency to generalize the causes of behaviors and events as constant and widespread, influencing one's perspective on life and self-esteem.

Prejudice

Preconceived opinion or bias against someone or something without sufficient knowledge, thought, or reason.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.