If a debtor defaults,what type of court order does the secured party need to take possession of the collateral?

A) An order to take possession
B) A declaratory judgment
C) A summary judgment
D) A temporary injunction
E) The secured party does not need an order to take possession.

Secured Party

An individual or entity that has a legal interest or lien on a debtor's property, secured by a security agreement, ensuring priority payment in case of debtor's default.

Collateral

Property or other assets that a borrower offers to a lender to secure a loan.

Court Order

An official directive issued by a judge that requires a party to do or refrain from doing something.