A company named Printers World Ltd. bought a $9000 plotter secured by a Security Agreement and, because of business reverses, is unable to make the payments.

Which of the following is accurate with respect to the legal position of the parties?

A) The seller could seize the goods only if it obtained a court order.

B) The seller could seize the goods without a court order only if it had properly registered the conditional sale contract.

C) The seller could seize the goods but, before resale can take place, the debtor must be given notice and an opportunity to redeem.

D) The seller could only seize the goods and could not instead opt to sue the company.

E) The seller could seize and sell the same day because it had already waited three months after default before taking any action.

Answer rating: 100% (QA)

C The seller could seize ... View the full answer