Under the UCC,a Collateral Which Has Been Sold in a Private

question 32

Multiple Choice

Under the UCC,a collateral which has been sold in a private sale by a secured party to a good faith purchaser for value,after the debtor's default:

• A) may be redeemed by the debtor within 10 days after the disposition.
• B) may be redeemed by creditors with subordinate claims.
• C) remains subject to the security interests of subordinate lien creditors in all cases where the collateral is disposed of at a private sale.
• D) discharges the security interest pursuant to which such sale was made and any security interest or lien subordinate thereto.

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