§ 9-625 Remedies for Secured Party's Failure to Comply with Article
§ 9-626 Action in Which Deficiency or Surplus is in Issue
§ 9-627 Determination of Whether Conduct Was Commercially Reasonable
§ 9-628 Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor

Terms Used In New York Laws > Uniform Commercial Code > Article 9 > Part 6 > Subpart 2 - Noncompliance With Article

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.