Alexis Leventhal Richard Tannenbaum
June 29, 2023 | The Legal Intelligencer
The Burden of Commercial Reasonableness Following a DefaultArticle 9 of the Uniform Commercial Code (UCC) governs secured transactions, and Part 6 of this article governs the rights and duties of the parties in the event of default. In the event of default by a debtor, a secured party may repossess the collateral and dispose of it through a sale, lease, license, or other form of disposition.
By Alexis Leventhal, Richard Tannenbaum and Victoria Smith
7 minute read
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