Test Information Description Instructions Timed Test This test has a time limit of 1 hour and 30 minutes. This test will save and submit automatically when the time expires Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time has expired. The time will continue to run if you leave the test. Remaining Time: 1 hour, 28 minutes, 38 seconds. Question Completion Status: Moving to another question will save this response Question 3 Assume a secured party sells repossessed collateral, and the sale proceeds exceed the amount owed. The secured party a. can seize additional items (items not secured by a security interest) of debtor's personal property These will be sold to cover the outstanding balam b. must pay the excess amount, after reasonable costs of the sale, to the debtor C. can get a court to issue a deficiency judgment and the debtor must pay the outstanding balance of the debt d. may petition the court to allow the secured party to keep the additional proceeds Moint that will this