IL Bar Practice Questions - Illinois Bar Examination Exam

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After a debtor defaults, a secured party repossesses collateral and disposes of it. Under UCC Article 9, the disposition must be conducted in what manner?

In a commercially reasonable manner, with reasonable notice to the debtor In any manner the secured party chooses, with no constraints Only by public auction conducted by a sheriff Only after a full jury trial

Correct Answer:

In a commercially reasonable manner, with reasonable notice to the debtor

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