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20 February, 08:36

Kane Corp. obtained a loan for its business from a commercial bank by providing its property as collateral. Subsequently, it failed to repay the loan to the bank. What immediate action could the bank take as a way of disposal of property?

1. sale of property

2. debt repayment of property

3. repossession of property

4. abandonment of property

5. like kind exchange of property

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Answers (1)
  1. 20 February, 11:50
    0
    I think the most reasonable answer is either 2 or 3
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