alexanderjones9096 alexanderjones9096
  • 11-12-2019
  • Business
contestada

3) Upon debtor's default what rights does the creditor have to the collateral?

Respuesta :

Shakiru
Shakiru Shakiru
  • 11-12-2019

Answer:To use the the collateral to redeem the debts.

Explanation:

On giving out loans creditors normally demands for collateral to cover their exposure to the loan in case of defaults by the debtors.

On confirmation of loan defaults the creditor takes ownership of the the collateral for use or sales to compensate for the loan defaults.

Answer Link

Otras preguntas

Volcanoes are openings in Earths crust where lava, gas, and ash can erupt. Where are active volcanoes located?
What is the radius of a circle with the equation (x − 3)2 + (y − 7)2 = 9? A) 3 B) 4.5 C) 6 D) 9
The graph of the natural logarithmic function has a __ (X Intercept or Y Intercept). at __ (-1,0) (0,-1) (1,0) (0,1) Its domain is __ (-Infinity, Infinity) (-In
Two 0.5 uF capacitors are connected in parallel. What's the total capacitance of the resulting A. 0.25 UF B. 0.45 uf C. 1.0 uF D. 0.8 UF
please look at this picuter and answer the question?i am begging you please pretty please
1.) Calculate the work done in lifting a 200 N couch a distance of 1.3 m from a loading ramp.2.) How much work is done when a 40 N force is applied to push a sh
Find the force needed to lift a 3,000 -N weight using a machine with a mechanical advantage of 15
Help. Please ASAP plzzzzzz
Hey can anyone help me on number B please?
According to the graph how many farms were there in 1995 A. Two million B. Four million C. Three million D. One million