When a creditor keeps property in satisfaction of debt and the owner's rights are cut off,this is called ________.
A)strict foreclosure
B)power of sale
C)action and sale
D)artisan's lien sale

Question

Quizplus · Accepted Answer

A small number of states permit strict foreclosure.The creditor keeps the property in satisfaction of the debt and the owner's rights are cut off.

When a Creditor Keeps Property in Satisfaction of Debt and the Owner's