What did the court conclude in the Case Opener,the case in which the plaintiff claimed that her repossessed vehicle was not sold in a commercially reasonably manner and that she was wrongly left with a deficiency?
A) That showing that the sale grossed more than 50% of the vehicle's value established that the sale was commercially reasonable.
B) That good faith in selling the vehicle as a matter of law established commercial reasonableness.
C) That the secured party failed to prove that its sale of the vehicle conformed with established trade practices.
D) That there was no obligation on the seller to engage in a commercially reasonable sale because the plaintiff was in default.
E) That while not every aspect of the sale had to be commercially reasonable, the seller failed to show that sufficient advertisement of the sale was accomplished thereby rendering the sale itself commercially unreasonable.
Correct Answer:
Verified
Q19: Which of the following was the result
Q20: Which of the following is the person
Q21: Which of the following is formed when
Q22: Which of the following under the UCC
Q22: Transfer of collateral to a secured party
Q25: Assuming a purchase-money security interest is not
Q27: When a debtor sells collateral,he or she
Q28: Under the UCC,a secured party's interest in
Q29: Once a financing statement has been filed
Q55: Which of the following is an amendment
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents