What is the time period in which a debtor has the right to object to retention of collateral to satisfy a debt?
A) 24 hours
B) 48 hours
C) 3 days
D) 20 days
E) 30 days

Question

Quizplus · Accepted Answer

The debtor has the right to object to the retention of collateral to satisfy a debt within 20 days. This period allows the debtor to either negotiate with the creditor or take legal action to protect their interest in the collateral.

What Is the Time Period in Which a Debtor Has