With respect to a borrower's default,which of the following provinces would limit a lender's remedy to the proceeds from seized assets and prohibit the lender from suing the debtor for any resulting deficiency?

Question

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Alberta is the only province in Canada that has legislation in place which prevents lenders from pursuing a borrower for a deficiency balance after seizing and selling assets that were pledged as collateral. This is known as the Personal Property Security Act (PPSA) and it provides clarity and certainty for lenders and borrowers. Other provinces, such as Ontario, may have similar laws that govern the process of seizing and selling collateral, but they do not have the same provisions that prevent deficiency judgments.

With Respect to a Borrower's Default,which of the Following Provinces