Trina defaults on her car loan from Bank of America. Bank of America repossesses Trina’s car. At public auction the car sells for $25,000. What may happen next?
A. Bank of America may get a deficiency judgment against Trina for the remaining amount of the debt
B. Bank of America must accept the $25,000 in full satisfaction of the debt.
C. Trina will be jailed until she can pay the remaining amount of the debt
Answer: A. Bank of America may get a deficiency judgment against Trina for the remaining amount of the debt
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