Which of the following statements about a buyer's right to redeem is false?
A)The buyer must tender fulfillment of all obligations secured by the collateral.
B)The buyer must pay any expenses the secured party incurred in holding the collateral.
C)The buyer must pay any expenses the secured party incurred in preparing the collateral for disposition.
D)The buyer can redeem the property even after the creditor disposes of it.

Question

Quizplus · Accepted Answer

Until the collateral is actually disposed of by the creditor,the buyer has the right to redeem it.This means that if the buyer tenders fulfillment of all obligations secured by the collateral as well as of the expenses incurred by the secured party in retaking,holding,and preparing the collateral for disposition,she can recover the collateral from the creditor [9-623].

Which of the Following Statements About a Buyer's Right to Redeem