A Company Named Printers World Ltd

question 100

Multiple Choice

A company named Printers World Ltd. bought a $9000 plotter secured by a Security Agreement and, because of business reverses, is unable to make the payments. Which of the following is accurate with respect to the legal position of the parties?

• A) The seller could seize the goods only if it obtained a court order.
• B) The seller could seize the goods without a court order only if it had properly registered the conditional sale contract.
• C) The seller could seize the goods but, before resale can take place, the debtor must be given notice and an opportunity to redeem.
• D) The seller could only seize the goods and could not instead opt to sue the company.
• E) The seller could seize and sell the same day because it had already waited three months after default before taking any action.

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Definitions:

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