The UCC Does Not Define the Term Default

question 68

Multiple Choice

The UCC does not define the term default . This encourages the parties to a secured transaction to

• A)include standards that align with the concept of unconscionability.
• B)run counter to the UCC's provision regarding good faith.
• C)stipulate the conditions that will constitute a default.
• D)provide the creditor with the maximum protection possible.

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Definitions:

Geographic Isolation

A form of evolutionary separation where populations of the same species become physically divided by geographical barriers leading to genetic divergence.

Adaptive Radiation

The evolution of a large number of related species from an unspecialized ancestral organism.

Kaibab Squirrels

A species of squirrel that is native to the North Rim of the Grand Canyon in the United States, known for its distinctive tufted ears.

Abert Squirrels

A species of tree squirrel named for Colonel John James Abert, noted for their distinctive ear tufts and dependence on ponderosa pine trees for habitat and food.