DEBTOR’S RIGHT TO REDEEM

Question 1

Debtor’s Right to Redeem Generally

Answer 1

D has right to redeem by paying debt including reasonable expenses & atty’s fees incurred as result of repossession/prepping for sale

Question 2

Debtor’s Right to Redeem Waiver

Answer 2

Can occur only thru authenticated army after default

Automatically void in consumer-goods transaction

Question 3

Debtor’s Right to Redeem Time Limit

Answer 3

Expires upon resale, K for sale, discharge by retention

Question 4

Debtor’s Right to Redeem Acceleration Clauses

Answer 4

Allowed; to redeem –> D might have to tender full payment