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Aiden borrows funds from Home Bank, secured by Aidens car. Aiden defaults on the debt. Home Banks options include a. destroying the collateral and collecting

Aiden borrows funds from Home Bank, secured by Aidens car. Aiden defaults on the debt. Home Banks options include

a.

destroying the collateral and collecting the unpaid debt from Aiden.
b.

retaining the security interest and pursuing a judicial remedy.
c.

having Aiden put in debtors prison until the debt is repaid.
d.

taking peaceful possession of the collateral

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