A secured creditor may repossess the debtor's property and sell it to pay the debt.
Correct Answer:
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Q8: Tax liens are granted to a government
Q9: Before an unsecured creditor can seize a
Q11: A creditor's claim to specific property of
Q12: A court order directing a debtor to
Q14: A guaranty requires consideration to be enforceable.
Q15: An unsecured debt
A) must be oral.
B) must
Q16: A debt based solely on the debtor's
Q17: A suretyship is terminated if the debtor
Q18: If a creditor sells repossessed property, any
Q37: A contract of suretyship must be in
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