Which of the following statements about foreclosure of liens is true?

A. The right of a lienholder to possess goods does not automatically give the lienholder the right to sell the property.
B. The lienholder need not bring a lawsuit against the debtor if there is no statutory procedure.
C. The lienholder need not give notice to the debtor for holding a sale of the possessed goods.
D. The lienholder cannot have the property sold at a judicial sale.


Answer: A

Business

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