Which of the following statements concerning foreclosure of liens is true?
A) The lienholder need not give notice to the debtor for holding a sale of the possessed goods.
B) Even if there is a statutory procedure,the lienholder must first bring a lawsuit against the debtor.
C) The right of a lienholder to possess goods does not automatically give the lienholder the right to sell the property.
D) The lienholder cannot have the property sold at a judicial sale.
Correct Answer:
Verified
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