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In the Event of a Borrower's Repayment Default,the Remedies Available

Question 24

Multiple Choice

In the event of a borrower's repayment default,the remedies available to its creditors will largely be determined by which of the following?


A) distinction in creditors' status between secured and unsecured.
B) priority of registration in the personal property security registry
C) the amount of deficiency remaining after sale of assets
D) the presence of an acceleration clause in the loan agreement

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