Maria is the sole proprietor of an antique store that she has operated at the same location for the past 16 years. The store rents the space in which it is located but does own all of the inventory and fixtures. The store has an outstanding loan with the local bank but no other debt obligations. There are no specific loan covenants or assets pledged as security for the loan. Due to a sudden and unexpected downturn in the economy, the store is unable to generate sufficient funds to pay the loan payments due to the bank. 

Which of the following options does the bank have to collect the money it is owed?

I. Sell the inventory and use the cash raised to apply to the debt 

II. Sell the store fixtures and use the cash raised to apply to the debt 

III. Take funds from Maria‘s personal account at the bank to pay the store‘s debt 

IV. Sell any assets Maria personally owns and apply the proceeds to the store‘s debt 

Select one: 

a. I only 

b. III only 

c. I and II only 

d. I, II, and III only 

e. I, II, III, and IV