When a business has a secured loan and is unable to pay the loan back,a bank may
A) take back the loan.
B) allow them two years to come up with the money to pay back the loan.
C) confiscate and sell the collateral that was put up for the loan.
D) make them work at the bank until they have made enough money to pay back the loan.
E) do nothing.

Question

Quizplus · Accepted Answer

confiscate and sell the collateral that was put up for the loan.

When a Business Has a Secured Loan and Is Unable