If a creditor repossesses a debtor's property and sells it, the ...

[roselinechinyere27m]

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

[skipfourms123]

Answer to Question 1

TRUE

Answer to Question 2

TRUE

[roselinechinyere27m]

Thanks for the timely response, appreciate it

[amandanbreshears]

Wow, this really help