Drew bought a computer for personal use from Hale Corp. for $3,000. Drew paid $2,000 in cash and signed a security agreement for the balance. Hale properly filed the security agreement. Drew defaulted in paying the balance of the purchase price. Hale asked Drew to pay the balance. When Drew refused, Hale peacefully repossessed the computer. Under the Revised UCC Secured Transaction Article, which of the following rights will Drew have?

A. Redeem the computer after Hale sells it.
B. Recover the sale price from Hale after Hale sells the computer.
C. Force Hale to sell the computer.
D. Prevent Hale from selling the computer.

C. Force Hale to sell the computer.

Business

You might also like to view...

The party who operates the franchised business.

(a) contract assets (b) franchisee (c) principal-agent relationship (d) cosignor

Business

GPS Inc wishes to estimate its cost of retained earnings. The firm's beta is 1.3. The rate on 6-month

T-bills is 2%, and the return on the S&P 500 index is 15%. What is the appropriate cost for retained earnings in determining the firm's cost of capital? A) 17.0% B) 19.5% C) 22.1% D) 18.9%

Business