Using an Online Auction to Sell Article 9 Collateral
Consumer Finance Law Quarterly Report, Vol. 61, pp. 792-803, 2007
12 Pages Posted: 11 Feb 2009
Date Written: 2007
This short article discusses selected issues under Article 9 of the Uniform Commercial Code with respect to a secured party using an online auction like eBay to sell repossessed collateral. In particular, the article analyzes certain potential limitations imposed by Article 9's commercial reasonableness standard and its notice of sale requirement.
Keywords: internet, ebay, auction, collateral, creditor, commercial reasonableness
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