Where, in the Face of Default, Goods Are Repossessed and Resold

question 25

Essay

Where, in the face of default, goods are repossessed and resold, but the amount recovered is not enough to cover what is owing, what are the rights of the creditor?

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Definitions:

Case Prices

The cost or pricing of goods by the case, often used in wholesale or bulk purchasing scenarios.

Skewed Right

A distribution of data showing the majority of values on the left, tailing off to the right.

Re-Expressing

The mathematical transformation of data in statistics to meet the assumptions of statistical models or to improve interpretability.

Assets

Resources owned by a person or entity considered valuable and can be used to meet debts, commitments, or legacies.