Under Article 9 of the Uniform Commercial Code, in what order are proceeds from the sale of collateral by the creditor to be distributed?
A) First, any expenses of repossessing the collateral are paid. Second, the proceeds are used to satisfy the debt. Third, any other junior liens are paid. Finally, if any proceeds remain, the debtor is entitled to them.
B) First, the proceeds are used to satisfy the debt. Second, junior liens are paid. Third, any expenses of repossessing the collateral are paid. Finally, if any proceeds remain, the debtor is entitled to them.
C) First, the proceeds are used to satisfy the debt. Second, any expenses of repossessing the collateral. Lastly, the debtor is entitled to remaining proceeds. Finally, if any proceeds remain, the debtor is entitled to them.
D) First, the junior liens are paid. Second, any expenses of repossessing the collateral are paid. Third, the proceeds are used to satisfy the debt. Finally, if any proceeds remain, the debtor is entitled to them.

Question

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The Uniform Commercial Code sets out the order in which any proceeds of sale of collateral by the creditor are to be distributed. First, any expenses of repossessing the collateral, storing it, and selling it, including reasonable attorney's fees, are paid. Second, the proceeds are used to satisfy the debt being foreclosed. Third, any other junior security interests or liens are paid. Finally, if any proceeds remain, the debtor is entitled to them.

Under Article 9 of the Uniform Commercial Code, in What