Question

Fact Pattern: Drew bought a computer for personal use from Hale Corp. for $3,000. Drew paid $2,000 in cash and signed a security agreement for the balance. Hale properly filed the security agreement. Drew defaulted on paying the balance of the purchase price. Hale asked Drew to pay the balance. When Drew refused, Hale peaceably repossessed the computer.
Under the UCC Secured Transactions Article, which of the following remedies will Hale have?

A. Obtain a deficiency judgment against Drew for the amount owed.
B. Sell the computer and retain any surplus over the amount owed.
C. Retain the computer over Drew's objection.
D. Sell the computer without notifying Drew.

Answer 1

Answer:

B

Explanation:

Sell the computer and retain any surplus over the amount owed