Maria is the sole proprietor of an antique store that is located in a rented...
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Maria is the sole proprietor of an antique store that is located in a rented warehouse. The store has an outstanding loan with the local bank but no other debt obligations. There are no specific assets pledged as security for the loan. Due to a sudden and unexpected downturn in the economy, the store is unable to generate sufficient funds to pay the loan payments due to the bank. Which of the following options does the bank have to collect the money it is owed? Sell the inventory and apply the proceeds to the debt Sell the lighting fixtures from the building and apply the proceeds to the debt Withdraw funds from Maria's personal aficount at the bank to pay the store's debt Sell any assets Maria personally owns and apply the proceeds to the store's debt only and only only 
Maria is the sole proprietor of an antique store that is located in a rented warehouse. The store has an outstanding loan with the local bank but no other debt obligations. There are no specific assets pledged as security for the loan. Due to a sudden and unexpected downturn in the economy, the store is unable to generate sufficient funds to pay the loan payments due to the bank. Which of the following options does the bank have to collect the money it is owed?
Sell the inventory and apply the proceeds to the debt
Sell the lighting fixtures from the building and apply the proceeds to the debt
Withdraw funds from Maria's personal aficount at the bank to pay the store's debt
Sell any assets Maria personally owns and apply the proceeds to the store's debt
only
and only
only
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