BigBank Inc.is enforcing a security interest against all,or substantially all,of the inventory,accounts receivable,or other assets of a business debtor.What must BigBank Inc.do before enforcing its security?

Question

Quizplus · Accepted Answer

Before enforcing its security interest against a debtor's assets, BigBank Inc. must provide the debtor with notice of its intention to enforce its security. This allows the debtor an opportunity to rectify the situation before enforcement actions are taken.