Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Car dealership financed a new car for student. Student stopped making payments. Can dealership exercise its perfected security interest through the self - help remedy
Car dealership financed a new car for student. Student stopped making payments. Can dealership exercise its perfected security interest through the selfhelp remedy of repossessing the car?
Only if the student gives permission for repossessing it
Yes so long as repossession can happen without a breach of the peace.
Yes so long as the dealer first gets a court order allowing the repossession.
It depends on the language in the UCC
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started