Self-help repossession of collateral upon a buyer's default is contrary to public policy and never is allowed.

Question

Quizplus · Accepted Answer

Self-help repossession of collateral is sometimes allowed under certain circumstances, but it must be done in compliance with state and federal laws and regulations. However, it is generally not encouraged as it can lead to conflicts and lawsuits between the parties involved. Therefore, self-help repossession is not always contrary to public policy, but it should be avoided whenever possible.

Self-Help Repossession of Collateral Upon a Buyer's Default Is Contrary