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Trella Purchased a $1,200 Piano on Credit from the Corbett

Question 41

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Trella purchased a $1,200 piano on credit from the Corbett Company, signing a security agreement. Months later, Trella missed one payment. Corbett repossessed the piano and billed Trella for the balance of $300. Trella claimed that the piano was worth more than $300 and asked Corbett to sell it and return any excess money to her. Corbett refused. Was Corbett correct to refuse?

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No. A creditor is not obligate...

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