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Which of the following is an option for the secured creditor when the debtor defaults? a. Forget the collateral, and sue the debtor on his

Which of the following is an option for the secured creditor when the debtor defaults?

a. Forget the collateral, and sue the debtor on his note or promise to pay.

b. Transfer the collateral on to another creditor.

c. Sell the collateral and keep the surplus, if any.

d. Repossess the collateral and conduct a public sale without the knowledge of the debtor.

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