Which section of the UCC defines what constitutes default in a secure transaction?
A)2-205
B)3-104
C)The UCC does not define default;it is defined in private agreements between the parties.
D)9-102

Question

Quizplus · Accepted Answer

The UCC does not define what constitutes default.Usually,the creditor and the debtor state in their agreement what events constitute a default by the buyer.

Which Section of the UCC Defines What Constitutes Default in a Secure