Cengage Advantage Books: Fundamentals of Business Law Today 10th Edition by Roger LeRoy Miller

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Disposition of Collateral. PRA Aviation, LLC, borrowed $3 million from Center Capital Corp. to buy a Gates Learjet 55B. Center perfected a security interest in the plane. Later, PRA defaulted on the loan, and Center obtained possession of the jet. The market, design, and mechanical condition of similar aircraft were reviewed to estimate the jet's value at $1.45 million. The jet was marketed in trade publications, on the Internet, and by direct advertising to select customers for $1.595 million. There were three offers. Center sold the jet to the high bidder for $1.3 million. Was the sale commercially reasonable? Explain. [ Center Capital Corp. v. PRA Aviation, LLC, 2011 WL 867516 (E.D.Pa. 2011)] (See Default.)