This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a creditor repossesses a debtor's property and sells it, the proceeds must be applied to the ... (Read 125 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 24, 2018
Gracias!

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Self-sealing property Self-sealing property
A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche
Traction is the application of a pulling force to maintain bone alignment during fracture healing. D Traction is the application of a pulling force to maintain bone alignment during fracture healing. D
Transdermal patch administration: (b) patch immediately applied to clean, dry, hairless skin and lab Transdermal patch administration: (b) patch immediately applied to clean, dry, hairless skin and lab
Decremental property of graded potentials. Decremental property of graded potentials.
After the chemical exfoliation substance has been applied, wrap the two top sheets around the client ... After the chemical exfoliation substance has been applied, wrap the two top sheets around the client ...
Video: DNA Replication

For a complete list of videos, visit our video library