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Gina borrows from Regional Loan Company the funds to buy a car.The car secures the debt. Gina defaults on the loan. Regional takespossession of the
Gina borrows from Regional Loan Company the funds to buy a car.The car secures the debt. Gina defaults on the loan. Regional takespossession of the car, planning to sell it to recover some of theunpaid debt. Before the creditor sells the car or enters into acontract for its sale, Gina can pay what she owes and take back thecar. This is
a. | the right of redemption. | |
b. | the right of retention. | |
c. | a deficiency judgment. | |
d. | a floating lien. |
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