Default Flashcards
1
Q
Default
Commercially Reasonable
A
Every aspect of the sale (including the method, manner, time and place and term) must be commercially reasonably.
2
Q
SP buying Collateral
A
The SP may buy any public sale, but may buy at a private sale only if the collateral is a type customarily sold in a recognized market or is of a type which is the subject of widely distributed standard quotation.
