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 in paying the balance of the purchase price. Hale asked Drew to pay the balance. When Drew refused, Hale peacefully repossessed the computer.
Under the Revised UCC Secured Transaction Article, which of the following rights will Drew have?
a. Redeem the computer after Hale sells it.
b. Recover the sale price from Hale after Hale sells the computer.
c. Force Hale to sell the computer.
d. Prevent Hale from selling the computer.
Answer: C
Tax
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- Income in respect of a cash-basis decedent
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