Computer World (CW), after repossessing a multimedia system from Dave, a consumer, decides to keep the system instead of reselling it. CW sends written notice to Dave. CW can now keep the system
A) only after attempting an unsuccessful public sale of the system.
B) only after notifying any other appropriate secured party.
C) unless Dave objects.
D) under any circumstances.

Question

Quizplus · Accepted Answer

CW can keep the system unless Dave objects, as per the Uniform Commercial Code (UCC) which allows a secured party to retain collateral in satisfaction of the debt if the debtor does not object.

Computer World (CW), After Repossessing a Multimedia System from Dave