Property as collateral and the debtor defaults

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Reference no: EM13131221

When a debt is secured by property as collateral and the debtor defaults, the creditor may:

A) take possession of the property and retain it in full satisfaction of the debt.

B) take possession of the property and sell it.

C) not take possession of the property, but must sue the debtor for the balance due.

D) Both (a) and (b).

Reference no: EM13131221

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