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Ron borrows funds from Suburban Bank secured by Rons house. Ron defaults on the debt. The banks options include a. retaining the security interest and

Ron borrows funds from Suburban Bank secured by Rons house. Ron defaults on the debt. The banks options include

a.

retaining the security interest and pursuing a judicial remedy.

b.

destroying the collateral and collecting the unpaid debt from Ron.

c.

disposing of the collateral in any commercially reasonable manner.

d.

repossessing the collateral and disavowing the security interest.

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