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The Term ________ Refers to a Secured Creditor's Possession of Collateral

Question 68

Multiple Choice

The term ________ refers to a secured creditor's possession of collateral on a debtor's default and proposal to retain the collateral in satisfaction of the debtor's obligation.


A) repossession
B) disposal of the goods
C) disposition of collateral
D) retention of collateral

Correct Answer:

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