If the proceeds of sale of collateral are not sufficient to satisfy the debt, then the creditor is usually entitled to a:
A) future advance.
B) deficiency judgment.
C) fixture filing.
D) warehousing arrangement.

Question

Quizplus · Accepted Answer

If the proceeds of sale of collateral are not sufficient to satisfy the debt, then the creditor is usually entitled to a deficiency judgment. This means that the debtor remains personally liable for any debt remaining after the sale of the collateral.

If the Proceeds of Sale of Collateral Are Not Sufficient