If Bree Lends Gabby a Blender, but Then Gabby Refuses

question 23

True/False

If Bree lends Gabby a blender, but then Gabby refuses to return it, Bree could bring an action in detinue for compensation.

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Definitions:

Personal Use

Personal use refers to the use of goods or services primarily for individual rather than commercial or professional purposes.

Proceeds

Something that is exchanged for a debtor’s sold collateral.

Secured Party

A lender or creditor who has an interest in the collateral securing a loan or credit agreement.

UCC

Short for Uniform Commercial Code, it is a comprehensive set of laws governing all commercial transactions in the United States.