Business, 18.01.2021 09:10 nahimi

An For each of the following questions, write a F in the space provided if the statement is false. T in the space provided if the statement is true. Write
16. — If you default on even one car loan payment, the creditor has the legal right to
repossess your car.
17. Once a creditor has repossessed a car, he or she can either keep the car or resell it for
the debt owed on it.
18. If your car is repossessed, you no longer have any financial obligation to repay your I
car loan.
19. ___ If you want to buy back your car after it has been repossessed, the creditor can set the
price at any amount over what you owe.

An For each of the following questions, write a F in the space provided if the statement is false.

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