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Question

In the event, that person taking the loan is unable to repay the loan on the house on time:


A

Yes, the bank has the right to auction the property for sale

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B

No, the bank has no right to auction the property for sale.

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C
the person has right to auction the property for sale
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D
the person has no right to auction the property for sale
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Solution

The correct option is A

Yes, the bank has the right to auction the property for sale


In the event, that person taking the loan is unable to repay the loan on the house on time, the bank has the right to auction the property for sale and recover their money through the sale


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