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.

Understand the concept of euphemisms and their impact on message clarity and perception.

Grasp the importance of credibility in communication and how it is established.

Realize the potential biases in language and the importance of avoiding them.

Appreciate the role of formal and conversational tones in business communication and when each is appropriate.

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Definitions:

Preparedness

The evolutionary predisposition for organisms to learn certain types of associations more easily than others due to survival advantages.

Seligman

An American psychologist best known for his work on learned helplessness, positive psychology, and well-being.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Classical Conditioning

A training mechanism in which two stimuli are frequently paired together; over time, the response that was originally caused by the second stimulus is elicited by the first stimulus.