Where a debtor has defaulted on a debt, a secured creditor typically has the right to A Sell the collateral without notifying the debtor B Retain the collateral and proceed against the debtor for any balance due C Peacefully take possession of the collateral without judicial process D Require the debtor to deliver the collateral to the secured party Scott signs a piece of paper on which he has written pay to the order of Kevin Clendenen ($5,000) demand The writing is directed to the Bank of Kirksville This writing is A A draft B A promissory note C A check D A and C

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Question: Where a debtor has defaulted on a debt, a secured creditor typically has the right to: A. Sell the collateral without notifying the debtor. B.

Where a debtor has defaulted on a debt, a secured creditor typically has the right to:

	A.	Sell the collateral without notifying the debtor.
	B.	Retain the collateral and proceed against the debtor for any balance due.
	C.	Peacefully take possession of the collateral without judicial process.
	D.	Require the debtor to deliver the collateral to the secured party.

Scott signs a piece of paper on which he has written "pay to the order of Kevin Clendenen ($5,000) demand". The writing is directed to the Bank of Kirksville. This writing is:

	A.	A draft.
	B.	A promissory note.
	C.	A check.
	D.	A and C.

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