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Author Question: If a creditor repossesses a debtor's property and sells it, the proceeds must be applied to the ... (Read 145 times)

roselinechinyere27m

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on: Jun 24, 2018
If a creditor repossesses a debtor's property and sells it, the proceeds must be applied to the
  outstanding debt.
 
  Indicate whether the statement is true or false

Question 2

If the debtor fails to make payments when due in a secured transaction, the creditor may
  repossess the collateral to recover the outstanding amount of the debt.
 
  Indicate whether the statement is true or false


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skipfourms123

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


roselinechinyere27m

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

ultraflyy23

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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