Question: The UCC does not define the term default. This encourages the parties to a secured transaction to include standards that align with the concept of
The UCC does not define the term default. This encourages the parties to a secured transaction to
include standards that align with the concept of unconscionability.
run counter to the UCC's provision regarding good faith.
stipulate the conditions that will constitute a default.
provide the creditor with the maximum protection possible.
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