A debtor purchased an LCD television from BestBuy for $1,000. BestBuy financed the transaction. With finance charges, the total cost of the financing is $1,200. After the debtor has paid $600, he defaults on the payment and BestBuy repossesses the TV. BestBuy has decided to keep the TV as a floor display model. The debtor believes it would be best if BestBuy sold the TV.
A. Under Article 9, BestBuy must sell the TV.
B. Under Article 9, BestBuy is not required to sell the TV.
C. Under Article 9, the debtor has no control over the creditor's actions once there has been a default.
D. Under Article 9, the decision to sell or retain is always within the discretion of the creditor.
A. Under Article 9, BestBuy must sell the TV.
Business
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