Which type of class provides a means for users to work with the system?

In order to buy new office equipment Allen borrowed $150,000 from a local bank. As security for the debt, the bank took a mortgage (lien) on the equipment. At a time when the amount of the debt was $125,000 Allen defaulted, and the bank repossessed the equipment. The debtor was notified that the property would be sold at a public auction, but did not bother to attend the auction. The net proceeds resulting from the repossession and auction (ie, after all expenses were paid) was $100,000. Which of the following is correct?

A. The auction was invalid since the highest bid was less than the amount of the debt B. The buyer of the equipment at the auction is responsible to Allen for $25,000 C. The sale of the equipment, as it was made in good faith, fully satisfies Allen’s obligation to the bank D. The bank can get a deficiency judgment against Allen for the $25,000 remaining on the debt. E. The buyer of the equipment must return the property (receiving back the amount he paid at auction)

Routines are also called standard operating procedures

Indicate whether the statement is true or false