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On Default, a Secured Party Who Chooses Not to Retain

question 24

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On default, a secured party who chooses not to retain the collateral must dispose of it in a commercially reasonable manner.


Definitions:

Flexible Work Options

Employment terms that allow for variability in work hours, locations, or job duties to accommodate the needs of employees.

Job Insecurity

A feeling or perception of uncertainty about the future of one's job, often leading to stress or anxiety.

Scheduling

The process of arranging, controlling, and optimizing work and workloads, often in a time-bound manner.

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