Practice question
How must collateral disposition be conducted under Section 50?
- In a commercially reasonable manner
- At any price by any method regardless of conduct
- Only through a private gift to the creditor’s relative
- Without any relevant standards
- Only after the collateral is destroyed
Legal references
- RA 11057, Section 50: https://lawphil.net/statutes/repacts/ra2018/ra_11057_2018.html
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