What can a secured party do upon default
Problem: What is a default? What can a secured party do upon default? Also, what are secured parties vs. unperfected secured vs. unsecured creditors? Please provide some examples.
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What is a default? What can a secured party do upon default? Also, what are secured parties vs. unperfected secured vs. unsecured creditors?
Include a brief overview of the facts, the court's decision and reasoning as to why the court reached the particular decision.
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