In a secured credit transaction, the creditor cannot recover the collateral despite the debtor's defaults on the loan.

Answer the following statement true (T) or false (F)


False

Business

You might also like to view...

Which of the following statements is true about the ultra vires doctrine?

A. It is the only stringent limitation on the enforceability of contracts entered into by corporations. B. It permits the state attorney general to prevent enforcement of corporate contracts that extend beyond the corporation's authorized powers. C. It permits corporate directors to freely prevent enforcement of unattractive contracts. D. It does not permit the corporation to bring a suit for damages to the corporation against the officers of the corporation who have entered into an ultra vires contract.

Business

Explain the simplest negotiation form, a negotiating dyad.

What will be an ideal response?

Business

Choose the correct word in parentheses. From 1892 to 1954, more than 12 million immigrants (was, were) processed at Ellis Island

Business

Which of the following sentences reflects the correct use of active voice?

a. The new product line was marketed through electronic channels. b. The sales associate was promoted to an assistant manager position. c. The director signed the contract yesterday. d. It was determined that sales have fallen significantly.

Business