Which of the following is false regarding a creditor's rights to collateral upon a debtor's default? If a debtor defaults on a loan, the secured party can take possession of the collateral so long as the secured party does not breach the peace. A debtor in default has no rights in regard to whether collateral is retained by the secured party or sold. Instead of disposing of the collateral, the secured party may choose to keep the collateral in full or partial satisfaction of the debt. Regardiess of where the collateral is sold, the secured party must strive to recelve the best price for the collateral. Under the UCC, the secured party can sell, lease, or transter the collateral in any commercially reasonable method. Which of the following is false regarding a creditor's rights to collateral upon a debtor's default? If a debtor defaults on a loan, the secured party can take possession of the collateral so long as the secured party does not breach the peace. A debtor in default has no rights in regard to whether collateral is retained by the secured party or sold. Instead of disposing of the collateral, the secured party may choose to keep the collateral in full or partial satisfaction of the debt. Regardiess of where the collateral is sold, the secured party must strive to recelve the best price for the collateral. Under the UCC, the secured party can sell, lease, or transter the collateral in any commercially reasonable method