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

Question

Quizplus · Accepted Answer

The UCC's lack of a definition for "default" allows the parties involved in a secured transaction to specify in their agreement what conditions or events will be considered a default. This flexibility enables parties to tailor the agreement to their specific needs and circumstances.

The UCC Does Not Define the Term Default