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If the debtor defaults, the secured party may do all of the following except Accept the collateral. Dispose of the collateral. File a termination statement
If the debtor defaults, the secured party may do all of the following except Accept the collateral. Dispose of the collateral. File a termination statement within 10 days. Peaceably take possession of the collateral. Sue the debtor for the amount due
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The Legal Environment of Business A Managerial Approach Theory to Practice
Authors: Sean Melvin, Michael Katz
2nd edition
1259286045, 78023807, 978-1259286049, 978-0078023804
