Which of the following best describes why personal property security legislation requires that a secured party in possession of collateral act in a commercially reasonable way when disposing of it$?$

Question $14$Select one:

a$.$

Secured parties are not in the business of disposing of the assets of their debtors and so need guidance as to how to do it$.$

b$.$

Commercially reasonable behaviour is what parties expect in the marketplace.

c$.$

Secured parties are generally only interested in getting paid what they are owed plus their expenses associated with disposing of the collateral and not necessarily in obtaining the best price for the collateral.

d$.$

If there were no legal requirement, secured parties are likely to act in a way which is unreasonable.