Question: After repossessing collateral when a debtor has defaulted on his agreement with the creditor, and after selling the collateral, the creditor may also retain any

After repossessing collateral when a debtor has defaulted on his agreement with the creditor, and after selling the collateral, the creditor may also retain any surplus when the amount realized on the sale exceeds the amount of the debtor's debt.

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True

False

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